内容摘要："We all feel very strongly about the sustainable aspect of life," Mrs Riddington said.

"We all feel very strongly about the sustainable aspect of life," Mrs Riddington said.

The chancellor has given the clearest signal yet that businesses will face an increase in National Insurance on the day the government announced billions of pounds in overseas investment had been secured.Rachel Reeves said Labour's election pledge not to increase National Insurance on "working people" related to the employee element, as opposed to the sum paid by employers.

Her comments come as businesses await the new government's economic plans in the Budget later this month.. However, many of the commitments had already been announced in advance.While the investment pledges signal a boost for the government, many business leaders are closely watching what taxes will be hiked on 30 October.

Reeves reiterated her Budget would be "tough", but stressed difficult decisions would not put off business investment in the UK because she would offer firms long-term certainty about the levels of taxation they will face.The government has ruled out increasing VAT, National Insurance or income tax, speculation has grown around the rate of National Insurance paid by employers.

Reeves repeated the pledge not to raise taxes on "working people" - echoing comments from Business Secretary Jonathan Reynolds - but only pledged to cap corporation tax, the levy paid by businesses on profits, at 25% for the next five years.

There is also speculation over a potential rise in Capital Gains Tax, which is charged on profits made from the sale of an asset that has increased in value, such as second homes. However,There has been turmoil on global stock markets as investors reacted to the tariffs and an escalating trade war between the US and China.

Mr Powell said: "The level of the tariff increases announced so far is significantly larger than anticipated."The same is likely to be true of the economic effects, which will include higher inflation and slower growth."

The US president has said tariffs will boost US manufacturing and jobs but economists have warned they risk fuelling inflation. Trump campaigned on cutting inflation., who he nominated to replace Janet Yellen who the president accused of keeping interest rates too low.