Reeves promises no new tax hikes for business chiefs
Daily Record|February 02, 2024
LABOUR has vowed to cap corporation tax as party chiefs woo business leaders.
LIZZY BUCHAN
Reeves promises no new tax hikes for business chiefs

Shadow Chancellor Rachel Reeves told a business conference yesterday she would cap the tax at its current 25 per cent for at least five years, after Tory instability.

She said: "There have been 26 changes to corporation tax arrangements in this Parliament alone. We can't go on like this." Rejecting calls from Tory right-wingers to lower the tax, she said: "Our current rate is the lowest in the G7.

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