Labour’s tax hikes and regulations spark backlash from economists and businesses
The Labour government’s recent policies have sparked warnings from economists, think tanks, and business groups. Measures ranging from higher taxes to stricter regulations on schools and tobacco could harm growth, push up prices, and strain public services. Critics argue that key decisions lack solid evidence and risk unintended consequences across the economy and my business. Tax increases on my business and investors have already triggered concerns about slower economic growth. HMRC data and independent economists suggest that heavier levies discourage investment, reducing competitiveness. The country is now losing more millionaires than any other, with many relocating to avoid Labour’s punitive tax rises. Labour’s policies are set to reshape key areas of British life, from energy and education to my business and public health. The outcomes—higher costs, reduced growth, and strained services—will depend on how effectively the government addresses the concerns raised by analysts and industry. With warnings already emerging, the coming months will reveal whether adjustments are made or if the current path continues unchanged.
