Rachel Reeves, the shadow chancellor, has pledged that a Labour government would cap the corporation tax rate at 25% for the first five years if they win the upcoming general election. This promise was made as part of Labour's commitment to stability and certainty for businesses, allowing them to plan with confidence. The announcement, which positions Labour as a 'pro-business party', was made during a keynote speech at Labour’s business conference in London. It follows a recent increase in the tax rate from 19% to 25% by the Tories. While Reeves committed to maintaining the current corporation tax rate, she did not extend this pledge to income tax cuts.
"If the tax rate moves around all of the time, businesses can't invest in the UK because it's too uncertain." Labour MP Darren Jones defends Rachel Reeves' corporation tax cap at 25% if Labour win general election https://t.co/QxnHYik1bc 📺 Sky 501 and YouTube https://t.co/l6FnDAFdAp
"If the tax rate moves around all of the time, businesses can't invest in the UK because it's too uncertain." Labour MP @darrenpjones defends Rachel Reeves' corporation tax cap at 25% https://t.co/QxnHYik1bc 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/24c8hMYL3v
Labour will not hike the rate of corporation tax during its first term, shadow chancellor Rachel Reeves said as she delivered a keynote speech to business leaders in London. @CliveBull asks: is Labour now the party of business? https://t.co/aH104NuhcI
Rachel Reeves says Labour will govern as ‘pro-business party’ And a lot of business leaders at Labour’s conference today seemed to like was #Labour was selling… Here’s our report: 🎬@journobeth 🎥@Worldwidewebb1 https://t.co/499p0CdiH1
Rachel Reeves has said that she would not increase the headline rate of corporation tax of 25% during the first term of a Labour government Read more🔗 https://t.co/m1R3nMbMH7
🔴Rachel Reeves has failed to commit to income tax cuts despite criticising the Tories for taking the tax burden to its highest level for 70 years https://t.co/XrbkCNVufx
Labour would cap corporation tax at 25%, Rachel Reeves announces 🖋️ @poppyeh and @singharj https://t.co/OMB9sGHewB
Rachel Reeves told party’s business conference this morning that a Labour govt would not put up corporation tax in first term. Worth remembering that it went up from 19% to 25% just last year so in some regards the Tories have done Labour’s work for them…
Rachel Reeves vows to cap corporation tax for the first five years of a Labour government. https://t.co/Spi7uJFkRE
Reeves' pledge to keep corporation tax at 25% unsurprising given the Tories increased the rate from 19% only last year (2019 Labour manifesto promised 26% rate).
Rachel Reeves promises there would be no rise in corporation tax under a Labour government. The shadow chancellor said corporation tax would be capped at the current rate of 25%. She said that certainty will allow businesses to plan with "confidence".
Rachel Reeves commits to capping the headline rate of corporation tax for the whole of the next parliament, a measure @DanNeidle told me (in June, below) businesses would give "a standing ovation". We'll see when she finishes her speech https://t.co/pZty3FFdiv
Reeves tells business corporation tax will never rise above its current 25% rate if Labour wins election - https://t.co/oeUlgQTYSp
NEW: Rachel Reeves vows Labour will cap corporation tax at 25% for the duration of the next Parliament https://t.co/7EvkaFll6r
NEW: Rachel Reeves says a Labour Gov would cap corporation tax at 25% for whole of next Parliament #Labour https://t.co/cX3t4k7dJF
#Breaking #Labour say they will will cap headline rate of corporation tax at 25% for duration of Parliament, if elected https://t.co/Pe47mv2G3Z
NEW: Reeves announces Labour will hold corporation tax at 25 % for duration of next parliament - says this all about stability and planning https://t.co/D3kqpQ3ywu