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Almost one in three bosses are pessimistic that Labour will raise corporation tax.
In a survey of business leaders, 29 percent said they believed income tax was the most likely to increase over the next five years.
Keir Starmer’s government has insisted that it will cap the rate for the duration of this term.
But a survey of 500 executives by the consulting firm BDO revealed caution regarding this promise.
The main corporate tax rate was raised to 25 percent in April 2023.
Pessimistic: In a survey of business leaders, 29 percent said they thought income tax was the most likely to increase over the next five years.
And 27 percent said they expect energy revenues and taxes on electricity generators to increase.
The last government imposed a windfall tax on the profits of UK energy companies after Russia’s invasion of Ukraine sent oil and gas prices soaring.
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