Chancellor Rachel Reeves is set to deliver her second Autumn Budget in the coming months. (Photo by Leon Neal/Getty Images)
Chancellor Rachel Reeves has been told to “let businesses get on with it and get out of the way” ahead of delivering her second Autumn Budget in the coming months.
A group of 1,500 private business leaders surveyed by KPMG said the Chancellor should focus on promoting higher wages and lower costs for companies.
They added that higher taxes, such as the increases to employers’ National Insurance contributions and the National Minimum Wage introduced in last year’s Autumn Budget, are a “hindrance, not a help”.
The private business leaders also called for a reduction of “unnecessary regulations” and for the government to stop interfering with companies.
According to