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Lady Mayor: Higher taxes will discourage investors at critical time

3 0
tuesday

Higher taxes on dividends, pension contributions and savings risk discouraging investors at exactly the moment we need them, writes Lady Mayor Susan Langley

This week, as we welcome the Prime Minister and international leaders from across the world to Guildhall for the first-ever Lady Mayor’s Banquet, I’ve been thinking of what it means to stand and speak in a hall shaped by so many centuries of history and partnership.

That feeling of partnership really must underpin everything we do, because the challenges we now face are urgent: increasing investment, unlocking growth, connecting capital with opportunity.

Last week’s Budget reflected the mixed picture facing the UK economy. Some measures were good for the City. No further change to bank taxation offers stability at a time when lenders need certainty. A........

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