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Any significant tax increases proposed by Rachel Reeves must be "temporary" and paired with reforms to aid businesses "bruised" by the last Budget, Sir Tony Blair’s think tank has warned.
A report from the Tony Blair Institute (TBI) has called on the Chancellor to "bring businesses back onside" by moving beyond "the caution of the government’s first year in office" in her upcoming November 26 Budget.
Ms Reeves has already fuelled expectations of higher taxes by refusing to commit to maintaining Labour’s manifesto promise
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