MPs warn against harmful tax burdens in British economy
- The House of Commons business and trade select committee emphasizes the importance of government purchasing British goods.
- There is rising concern regarding the effects of tax increases from the autumn budget on small businesses.
- The committee urges action to improve skills in the workforce to support economic growth.
In recent months, the UK government has been urged to implement strategies that better support the workforce in adapting to the transitioning digital and green economies. Specifically, the House of Commons business and trade select committee has launched an inquiry that outlines the necessity of developing a skilled workforce as a foundational pillar for economic growth. During this investigation, there was clear acknowledgment from committee members that British companies require significant government support in the form of upskilling initiatives to tackle future challenges. The committee's inquiry also highlighted ongoing concerns regarding tax increases that have been announced in recent budgets. As the committee examined the state of the British economy, various stakeholders, including Rupert Soames, the CBI chairman, emphasized the need for urgent action to spur economic growth. Recommendations included fostering a