CBI warns Rishi Sunak he risks undercutting future green economy

Trade body says higher taxes will discourage necessary investment in high-wage green economy

Britain's foremost business lobby group has warned Rishi Sunak that his tax and spending plans risk undercutting government ambitions for a green, high-wage economy by discouraging the necessary investment.

Ahead of the chancellor's budget next week, the Confederation of British Industry (CBI) said there were fundamental inconsistencies in the government's economic strategy that needed urgent attention.