Business group says Labour tax hikes push firms to 'tipping point'

Key facts

• The CBI accuses Labour of raising an additional £27 billion in taxes.
• The business group states this tax increase is pushing firms to a 'tipping point'.

The Confederation of British Industry (CBI) is set to accuse the Labour party of significantly increasing the tax burden on businesses. According to the CBI's forthcoming statement, Labour has raised an additional £27 billion through taxation. The business group contends that this substantial increase in tax revenue is pushing companies towards a 'tipping point', suggesting a severe negative impact on the corporate sector's stability and operations.