CBI tells Osborne to scrap 50p tax rate - papers

Britain's biggest trade body, which claims to speak for 240,000 businesses, said that the higher rate tax was "undermining UK competitiveness", writes the Telegraph. As part of the CBI's Budget submission John Cridland, the group's new director general, called for George Osborne to "lay out a road map" for the tax band's removal as a signal of intent. Mr Cridland said Britain needed an "all-action Budget which boosts exports, investments and jobs". Read more   HSBC bats down talk of a move to Hong Kong Shareholders in HSBC are increasingly asking its management about the c...