LONDON - Britain's Institute of Directors said on Sunday that optimism among its members had fallen to the lowest since the onset of the COVID-19 pandemic, following tax rises in finance minister Rachel Reeves' first budget on Oct. 30.
"Far from fixing the foundations, the Budget has undermined them, damaging the private sector's ability to invest in their businesses and their workforces," she added. Reeves announced 40 billion pounds of tax rises at the budget, including a 25 billion pound increase in employers' annual social security contributions.
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