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Natwest chair: Rachel Reeves’ Budget must include radical tax reform
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Natwest chair: Rachel Reeves’ Budget must include radical tax reformRick Haythornthwaite worked for the UK arm of Petrosaudi for eight yearsThe chair of banking giant Natwest has called for Rachel Reeves to implement “radical tax reform” in her Autumn Budget.
“This is the time for a 10-year programme of radical tax reform.
Time for the Chancellor to aim high with a fundamental reset of the UK economic incentive system,” he said.
ReevNatwest tumbled on bank tax speculationHowever, Britain’s top lenders have not been able to escape tax speculation.
But such a move would face fierce backlash from the City with the bosses of banking giants warning a tax would dent the government’s mission for economic growth.