Category: Criticises
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John Lewis CEO criticises Rachel Reeves over ‘two-handed’ tax increase
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Nish Kankiwala, chief executive of the John Lewis Partnership, has accused Chancellor Rachel Reeves of carrying out a “two-handed” tax grab on retailers, as she joined a growing backlash against the latest budget. Kankiwala said John Lewis faces increased recruitment costs and higher turnover after the Budget, which could hamper…
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Jeremy Hunt criticises OBR for timing of review release on budget day
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Former Chancellor Jeremy Hunt has criticized the Office for Budget Responsibility (OBR) for allegedly compromising its political impartiality, as it prepares to release a review that could criticize the Conservative government on Budget Day. The review is expected to address Chancellor Rachel Reeves’ claims of a £22bn financial gap left…
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Sir Jim Ratcliffe Criticises Labour’s Energy Plans Despite Backing Starmer
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Sir Jim Ratcliffe, chief executive of Ineos and co-owner of Manchester United, has criticized Labour’s green energy plans, claiming they could tax North Sea oil and gas production to “de-exist”. It comes just days after he publicly supported Labor leader Sir Keir Starmer. Ratcliffe warned that Labour’s proposals to increase…
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David Davis Criticises Extradition Treaty Following Mike Lynch Acquittal
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Sir David Davis, former leader of the Conservative Party, has strongly criticized Britain’s extradition treaty with the United States following the acquittal of British technology entrepreneur Mike Lynch. Lynch was acquitted of charges related to inflating the value of his company, Autonomy, in its sale to Hewlett-Packard (HP). Davis stated…
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Jeremy Hunt Promises Further Tax Cuts and Criticises Labour’s Plans
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Chancellor of the Exchequer Jeremy Hunt has pledged further tax cuts in the autumn, stressing that the UK economy has “turned a corner”. In an attempt to clarify the differences before the next election, Hunt accused Labor of planning to raise taxes while portraying the Conservatives as committed to cutting…