By Alistair Smout and David Milliken LONDON (Reuters) -British finance minister Rachel Reeves on Monday said she would never have to repeat the tax hikes of her first budget, an attempt to reassure businesses that were caught off-guard by a 25 billion-pound ($31 billion) tax rise.

The chief executive of the CBI will warn in a speech on Monday that the measures announced last month have made it harder for businesses to “take a chance” on hiring new people. However, the chancellor is expected to tell the group there was “no alternative” to tax rises after she announced a nearly £70bn uplift in public spending,

Tax rises like this must never be just done to business, CBI chief tells Reeves - Rain Newton-Smith said ‘tax rises like this must never again be simply done to business’