Scores of lifeblood British businesses have turned their backs on Labour, saying the Government is “strangling the life out of the economy”.

Crippled by damaging tax rises, two-thirds of bosses say they have been negatively impacted by National Insurance and minimum wage hikes, leaving some petrified about keeping their heads above water.

And in a devastating eve-of-Budget verdict, most said they would not back Labour in a snap election.

The unequivocal judgement on Chancellor Rachel Reeves and her economic competence comes in a high-level report by MyWorkwear - the results of which are published exclusively by the Express - which took the temperature of 128 business leaders still reeling from last year's Autumn Statement and petrified at what will be unleashed on Wednesday.

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