Key facts
- UK businesses are warning against further tax increases under potential leader Andy Burnham.
- A major business lobby group has cautioned that additional tax hikes could push firms "over the edge".
- Concerns are that potential tax policies could lead to investment and hiring decisions being put on hold.
- Previous tax increases by Chancellor Rachel Reeves are highlighted as detrimental to businesses.
- Andy Burnham has not yet detailed his economic vision or tax policies.
Britain's business community is expressing strong reservations about potential tax increases under a prospective new prime minister, Andy Burnham. The country's largest business lobby groups have issued a warning that further tax hikes could severely damage the UK economy and drive away investment. Burnham, who is widely expected to assume leadership, has yet to articulate his economic strategy or specific tax policies, leading to considerable concern among businesses and investors.