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14 Sep 2021
The UK government faces big choices this autumn if it wants to stimulate economic growth, the Confederation of British Industry (CBI) has said.
Following the recent government announcement on plans to increase national insurance contributions (NICs) to support social care, UK business is clear that the time for further business tax increases must end, said the CBI.
The CBI suggested that the government must reward those firms who invest, which is essential to a high-growth, sustainable recovery.
The business group has identified four key levers the government can use to get businesses investing more:
Tony Danker, Director General of the CBI, said: 'We're at an inflexion point. Brexit, COVID, climate change all demand that the UK forges a new growth story to compete in the world. And believe me this will be a competition – for new markets, new skills and technological advantage.'