I do not always agree with business lobbies, who often argue the case for larger and well established businesses at the expense of innovation and new competitors, and who often favour bigger government than is ideal.
Today the business voice seems united in saying we need lower tax rates to allow more business and jobs to grow in the UK. I entirely agree. They could add to their case that that would be the best way to increase tax revenues. If we carry on with Labour’s tax and pillage policies more and more companies will go abroad, cut their activities in the UK, be deterred from new investment or will simply not start up. 28% is an uncompetitive Corporation Tax rate, 50% an uncompetitive higher income tax rate, and National Insurance is a substantial tax on jobs when we need to be encouraging jobs.
A government keen to promote jobs and growth, and keen to cut the deficit, would cut the rates of tax on earning and making profits.