Labour government will cap corporation tax for five years, says Rachel Reeves

Contributing sentiments towards policy:

59% : The decision to cap corporate tax at 25 per cent is a significant climbdown from the 2019 manifesto commitment, which pledged to raise corporation tax to 26 per cent.
50% : Labour did not give any clarity on the circumstances or criteria under which corporation tax could fall, but Ms Reeves was clear to business leaders it would be kept under review.
50% : "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 per cent for the next parliament.
49% : Jeremy Corbyn's left-wing manifesto for Labour in the 2019 election had included a hike in corporation tax to 26 per cent.
47% : Please try again later{{ /verifyErrors }}Labour will cap corporation tax at 25 per cent during the next parliament under a raft of new measures designed to kickstart the UK economy.
47% : As chancellor, Rishi Sunak announced a rise in corporation tax from 19 per cent to the current 25 per cent rate for companies with profits over £250,000 - a move that came into force in April last year.

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