"Speaking to Times Radio, Roberts said he was left "pretty speechless" by Reeves' comments about the importance of supporting entrepreneurs. "She has absolutely no appreciation of business and doesn't seem interested in finding any," he said. "All the rhetoric that I hear is to demonise those that succeed. The wealth creators need to keep paying so she can fritter it away on welfare.""
"Asked on LBC whether she could reassure voters - as she did after the 2024 Autumn Budget - that no further large tax rises were planned, Reeves said: "No chancellor can predict the future or write next year's budget. Chancellors, governments have to respond to events." Reeves said she had doubled her fiscal headroom to £22 billion, providing a buffer against future shocks, but warned: "I'm sure these will continue to come our way.""
Senior business leaders criticised the Budget as tone-deaf and lacking appreciation of business, accusing it of demonising success and treating wealth creators unfairly. The removal of premium cars from the Motability scheme was noted as the only meaningful reform by some executives. Concerns focused on a perceived prioritisation of welfare expansion and tax rises over growth, investment and private-sector confidence. The Chancellor declined to rule out further major tax increases in 2026, said fiscal headroom had been doubled to £22 billion as a buffer, and warned that future shocks are likely to continue.
Read at Business Matters
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