The CBI's director-general, Rain Newton-Smith, will urge the Chancellor, John Healey, to give business "breathing space" in the Budget, Brit Brief reports.
According to Brit Brief, she will warn that further taxes on the financial sector would be an own goal. This is a preview of what she is expected to say. It has not been confirmed as delivered.
Her intervention adds to pressure from bank chiefs, who have written to Healey warning that higher bank taxes could drive businesses out of the UK. It follows reports that Healey plans to raise taxes on banks in his Budget on 28 October. The Treasury has not confirmed any such measure.