View Image

Rachel Reeves risks 5,000 job losses and a drop in car sales with an "incomprehensible" Budget decision, it has been warned. The Labour Party Chancellor will deliver her Autumn Budget on November 26.

But experts are urging her to resist hiking taxes that could cause 5,000 job losses and a massive hit to the UK's car market. The motoring industry has set out proposals for the Chancellor to re-align fiscal measures with "pro-growth policies" that support the Government's Modern Industrial Strategy.

Organisations have warned of "severe and lasting damage to jobs" if the Chancellor moves forward with plans to end Employee Car Ownership Schemes (ECOS).

READ MORE Six new rules for renters and landlords in England as bill to become law

The calls from the Society of Motor Manuf

See Full Page