The chairman of Asda has told Chancellor Rachel Reeves to 'stop taxing everything' ahead of the upcoming budget.
Allan Leighton warned the government needs to change the way it thinks about growth in order to avoid a stagnating economy.
He said instead of 'taxing everything in some way, shape or form' the government should start investing in Britain.
Ms Reeves must find £50 billion in tax rises or spending cuts to balance the books, the National Institute of Economic and Social Research (NIESR) said.
The Chancellor has vowed to stick to her pledge to not raise income tax, national insurance or VAT – and will also keep her fiscal rules preventing more borrowing.
