UK Industry Calls for Tax Cuts, Government Considers Tax Increases

UK industry calls on Chancellor Hunt to cut business taxes and implement measures to boost growth. The next UK government will have to raise taxes to a new postwar high as public services need an additional 142 billion annually. Labour should be cautious of relying on inaccurate economic data. UK government considers tax cuts to attract back lost Tory voters. Moody's raises UK outlook to stable, providing relief to Prime Minister Sunak.