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Tax rises will hit growth and hiring, CBI warns, as Reeves prepares to defend budget – business live

Rolling coverage of the latest economic and financial news

CBI chief executive Rain Newton-Smith has spoken to Radio 4’s Today Programme about the group’s concerns over the budget, ahead of today’s conference.

Q: Rachel Reeves will say she’s heard “no alternative” to her plans, what’s your response?

“Our shop growth plan, our supply chain investment, none of that changes. We are still absolutely going for growth.”

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