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Sunak’s Tax Cut Agenda Highlights a Weakness in the UK Economy

  • Treasury under pressure to replace capital spending allowance
  • Corporate cash holdings have spiked to almost £1 trillion
Rishi Sunak

Rishi Sunak

Photographer: Justin Tallis/AFP/Getty Images

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Chancellor of the Exchequer Rishi Sunak’s plea for businesses to boost investment highlights a key weakness in the UK economy that company executives have long complained about.