An extra £27bn was raised in taxes by Labour, the CBI will say

In a stark speech today, Rain Newton-Smith, chief executive of the business lobby group, will insist that Britain's private sector cannot take any more cost pressures.

Rain Newton-Smith will slam the government decision to add to an estimated £345bn business tax bill over the last two Budgets.

An extra £27bn was raised in taxes by Labour, the CBI will say