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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

By

Andrew Atkinson and

Jess Shankleman

May 22, 2022, 7:30 AM UTC

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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.