Business leaders hit out at 'ineffective' tax reduction attempts

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The Institute of Directors (IoD) has called on George Osborne to do more to cut taxes, reduce red tape and invest in new infrastructure in order to boost economic growth.

A survey of 1,200 business leaders by the organisation found they have "serious concerns" the recession will continue throughout this year, with only a modest recovery in 2013, the Telegraph reports. It also found that 54% thought government attempts to reduce taxation had been "ineffective", with 68% similarly critical over attempts to reduce business regulation. Meanwhile, 62% felt attempts to simplify employment law had also failed to boost business growth. The lack of progress by the coalition government meant almost half of the respondents said they had delayed "investment or ...

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