Labour’s plans require no more tax rises, Reeves says

Labour’s plans require no more tax rises, Reeves says

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The Labour Party positions itself as the natural ally of British business, emphasizing the importance of business engagement in policy-making. The party aims to lead a pro-growth treasury with robust fiscal rules to reduce debt. It commits to fiscal responsibility, avoiding risky financial practices, and introduces a fiscal lock for tax and spending changes. Business investment is prioritized through a new industrial strategy and national wealth fund, with corporation tax capped for the next Parliament.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Labour Party's stance towards British business according to the speaker?

They see business as an adversary.

They aim to collaborate with business to improve policies.

They plan to nationalize all businesses.

They intend to ignore business input.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the speaker promise regarding public finances?

To cut all public spending.

To maintain fiscal responsibility and not risk family finances.

To play fast and loose with public finances.

To increase public spending without limits.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the new fiscal lock mentioned by the speaker?

To increase taxes without oversight.

To eliminate taxes altogether.

To ensure any significant tax and spending changes are forecasted by an independent body.

To allow unchecked government spending.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the speaker plan to encourage business investment?

By reducing all taxes to zero.

Through a new partnership between government and business.

By banning foreign investments.

By increasing tariffs on imports.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Labour Party's plan for corporation tax during the next Parliament?

To increase it significantly.

To abolish it completely.

To cap it at its current rate.

To double it.