Britain turning into uninvestable below Starmer, warns McVitie’s boss
Britain has become a less attractive place to do business, the boss of one of the UK’s biggest manufacturers has warned.
Salman Amin, chief executive of Pladis, which makes McVitie’s biscuits including Chocolate Digestives, said his sentiment about the UK had completely changed from a decade ago.
He told the CBI conference that the company had been “super bullish on the United Kingdom, in fact, by far our greatest investment across all of our countries over the last decade or so has come to the UK”, with north of £2bn of investment.
However, Mr Amin added that the investment case had weakened over the past couple of years, suggesting that Ms Reeves’s Budget and her predecessor Jeremy Hunt’s decision to increase corporation tax had done damage.
He said: “It’s becoming harder to understand what the case for investment is … to make a difference in the growth rate of the economy.”
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