Starmer Living Standards Goal Hampered By UK Tax Rises, CBI Says
- Trade war with US would have minimal impact on UK, group finds
- Downgrades 2025 forecast and warns of ‘unimpressive’ growth
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UK household incomes will be held back by budget tax increases in a blow to Prime Minister Keir Starmer’s new goal of “raising living standards in every part of the UK,” according to the Confederation for British Industry.
Starmer introduced the living standards target in a speech on Thursday, shifting the focus off his election manifesto pledge to deliver the highest sustained growth in the Group of Seven during Labour’s first term in government.