UK Business Seeks to Swerve More Tax as Reeves Prepares Budget
UK Business Seeks to Swerve More Tax as Reeves Prepares Budget
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UK Business Seeks to Swerve More Tax as Reeves Prepares Budget

🕒︎ 2025-11-12

Copyright Bloomberg

UK Business Seeks to Swerve More Tax as Reeves Prepares Budget

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world UK business chiefs urged Chancellor of the Exchequer Rachel Reeves to ease energy costs and avoid raising the tax burden on corporate Britain as she prepares this year’s budget. After raising taxes by £40 billion ($53 billion) in last year’s budget — a hit largely focused on businesses — Reeves is grappling with a swelling fiscal gap as she prepares to deliver her second set-piece on Nov. 26. The run-up has been dominated by speculation about how she’ll fill a shortfall expected to be between £20 billion and £30 billion.

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