Chancellor Rishi Sunak warned: Jobs will go if you hike taxes

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Chancellor Rishi Sunak warned: Jobs will go if you hike taxes
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Tory MP warns Rishi Sunak's corporation tax hike will 'destroy jobs'

Rishi Sunak's corporation tax hike will 'destroy jobs' and make the UK one of the most taxed nations in the Western world, a leading Tory MP has warned.

The levy will be introduced next April and sees corporation tax rise 6 per cent from 19 per cent to 25 per cent. 'It's a bad policy at a worse time. It will turn off investment when people are worried about a recession and there is less money to attract.

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