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CBI President-Elect Carr Backs Tax Increase, Observer Reports

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Dec. 12 (Bloomberg) -- Roger Carr, the next president of the Confederation of British Industry, approves of the U.K. government’s increased income tax on the country’s richest earners, according to the Observer.

“My personal view is that when things are difficult, everybody should make a contribution,” Carr said in an interview with the newspaper.

Carr is chairman of Centrica Plc, a director of the Bank of England and was chairman of Cadbury Plc before its takeover by Kraft Foods Inc., according to the Observer. Carr will become president of the CBI in June 2011, the newspaper reported.

To contact the reporters on this story: Caroline Hyde in London chyde3@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at Parmstrong10@bloomberg.net

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