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Labour throws another bone to big businesses with tax pledge
Shadow chancellor Rachel Reeves addressing 400 business leaders at the Kia Oval, London, during the launch of Labour Party's plan for business, February 1, 2024
LABOUR threw another bone to big business today with a pledge to keep corporation tax at 25 per cent or lower throughout the next parliament.
Speaking to corporate leaders, shadow chancellor Rachel Reeves said there would be no increases in the tax rate, presently 25 per cent, because businesses wanted “certainty.”
She did not exclude the possibility, however, that the rate could be cut if necessary to stimulate investment.
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