The Channel Tunnel company has announced it is stopping future projects, stating that investment in the UK has become “non-viable” due to what it describes as “unsustainable” taxation levels.
Why it matters:
- This decision could delay or cancel planned improvements affecting cross-Channel transport and trade.
- It highlights growing concerns among businesses about the UK’s tax environment and investment climate.
MNN Take: The halt reflects the company’s assessment that current fiscal policies make further investment financially unfeasible, potentially impacting infrastructure development and economic connectivity between the UK and Europe.
Sources: BBC UK