Professional services chiefs join chorus of opposition to Reeves tax threat

An influential coalition of leaders from Britain's professional services sector has warned Rachel Reeves that a Budget tax raid on the sector would "stunt growth" in the UK's faltering economy.

Sky News has obtained a letter sent to the chancellor on Thursday which was signed by leading figures including the president of The Law Society, the chief executive of the Institute of Chartered Accountants in England and Wales, and the bosses of other leading trade bodies including TheCityUK and the BVCA.

In it, they warn that reported plans to impose employers' national insurance on limited liability partnerships (LLPs) would damage Britain.

"Such a move would strike at the heart of a sector that is not only growing but actively partnering with Government to deliver economic growth," they wrot