Burnham must avoid ‘summer of speculation’ on tax, warns CBI chief

With Andy Burnham set to lead the Labour party and announce a new cabinet soon, CBI chief Rain Newton-Smith is cautioning against any sudden or speculative tax and spend proposals that could unsettle British businesses. Newton-Smith advocates for a new wave of public-private partnerships to fund major projects, stressing the importance of maintaining business confidence. This comes as Burnham faces the challenge of balancing ambitious plans with economic stability, a move crucial for sustaining business growth and investor trust in the UK's economic future.