It also called for ministers to present 'a vision for a positive, prosperous Britain' amid mounting fears Labour's pessimism and plans for bumped up workers' rights are harming the economy.
Businesses have put hiring on hold as Labour faces accusations of economic doom-mongering ahead of the Budget.
Fresh statistics from Henley & Partners, which helps wealthy investors move overseas, showed a net loss of 4,200 millionaires in the first five months of the year, with 5,300 expected to leave before January. Fears are mounting that Labour will hike National Insurance contributions paid by employers – a so-called jobs tax – as well as capital gains tax and inheritance tax. There is also talk of higher fuel duty and a raid on pension savings.
Today's report stated: 'Recent Government warnings that the UK's economy may weaken further before improving add to the overall sense of uncertainty, affecting recruitment plans.
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