The recent budget announcement by the UK government has raised concerns among corporate leaders, potentially leading to a loss of trust.

Rupert Soames, chair of the Confederation of British Industry (CBI), expressed worries that businesses were taken by surprise by the Labour government's increased employment costs. This could result in a backlash within the next six to twelve months. Soames emphasized the long-term consequences of the government's decisions, comparing the situation to a jelly that is difficult to change once set.

These comments highlight the growing unease among business leaders regarding the government's fiscal policies and their impact on the corporate landscape.