Government's tax increase is "economic vandalism", says CBI president
The president of the Confederation of British Industry (CBI) has attacked the Government's introduction of the new 50p income tax rate as "nothing short of economic vandalism".
Speaking at the CBI's annual dinner, Martin Broughton told guests that last month's Budget was his "biggest concern" and that the introduction of this tax rate was an attempt to "divert media attention away" from the UK's debts.
To read the full transcript of Martin Broughton's speech go to:
http://www.cbi.org.uk
