One in Seven UK Companies Consider Leaving If Taxes Increase
- Savanta poll of 1,000 decision-makers highlights budget fears
- Chancellor Rachel Reeves facing pressure over tax plans
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One in seven UK business leaders would consider moving their company operations abroad if Chancellor of the Exchequer Rachel Reeves raises their tax burden at the budget later this month, according to a survey by pollster Savanta.
Business leaders are more likely to be pessimistic than optimistic about the new Labour administration’s impact on the economy, according to the survey published on Monday, which was based on interviews with 1,000 corporate decision-makers. The poll found 46% were pessimistic, compared to 37% who were optimistic.