Opposition leader reiterates Labour will raise taxation to make the richest 5% pay more. FMTNews UK
Prime Minister Boris Johnson making election pitches to business leaders.
“We are postponing further cuts in corporation tax,” Johnson told business leaders at a conference organised by the Confederation of British Industry, an employers’ group. In September, finance minister Sajid Javid announced Britain’s biggest increase in day-to-day spending in 15 years in what was widely seen as an attempt to counter the spending promises of the left-wing opposition Labour Party.
“Postponing further cuts to corporation tax to invest in public services could work for the country if it is backed by further efforts to the costs of doing business and promote growth,” Carolyn Fairbairn said in a statement. “And over the lifetime of the government, we will increase corporation tax to no higher than the 2010 levels.”
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