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U.K. Business Group Joins Calls to Scrap £12 Billion Tax Rise

  • Tax rise will hit growth, cost jobs and tighten income squeeze
  • Insitute of Directors says lower borrowing is an opportunity
Rishi Sunak
Rishi SunakPhotographer: Simon Dawson/Bloomberg
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A leading U.K. business lobby has written to Chancellor of the Exchequer Rishi Sunak asking for him to scrap a 12 billion-pound ($16 billion) payroll tax increase planned for April.