Economics
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
Photographer: Justin Tallis/AFP/Getty Images
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
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.