'Pro-business' Labour pledge not to increase corporation tax

Contributing sentiments towards policy:

67% : " She said: "We reject the calls from those on the right wing of the Conservative Party to cut corporation tax.
55% : "And so if we found that our competitive edge on corporation tax slip we would look at that, and that's why we set a cap of 25% rather than locking it at that level, regardless of what our competitors do." As chancellor, Rishi Sunak announced a rise in corporation tax from 19% to the current 25% rate for companies with profits over £250,000 - a move that came into force in April last year.
54% : Labour did not give any clarity on the circumstances or criteria under which corporation tax could fall, but Reeves (below) suggested would be kept under review.
52% : Reeves told businesses that Labour would prize stability for businesses, as she said: "If we expect businesses to invest in Britain, tax rates cannot shoot up and down like a yo-yo according to each political whim.
49% : "We believe that 25% rate strikes the correct balance between the needs of our public finances, and the demands of a competitive global economy. READ MORE: Labour shadow minister squirms in Sky News grilling on bankers' bonuses "The next Labour government will make the pro-business choice and the pro-growth choice: We will cap the headline rate of corporation tax at its current rate of 25% for the next parliament.
48% : LABOUR will not hike the rate of corporation tax during its first term, shadow chancellor Rachel Reeves said as she promised to be "pro-business".
48% : Jeremy Corbyn's manifesto for Labour in the 2019 election had included a hike in corporation tax to 26%.

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