Labour looks set to oppose any immediate corporation tax rise in next week’s Budget in a major shift since Jeremy Corbyn ’s leadership.
Before Covid struck, Labour pledged in 2019 to reverse the bulk of Tory corporation tax cuts for large firms to fund the party’s radical agenda.
But with businesses hit by lockdown, Keir Starmer said at PMQs today: “Now is not the time for tax rises for families and for businesses.” Asked later if Mr Starmer's pledge meant opposing all tax rises, even on businesses, Labour MP James Murray said: “This is not the time to do tax rises, in the middle of an economic crisis.” Asked if he would not support “any tax rises at all” in the Budget next week, the Shadow Financial Secretary to the Treasury told the
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