Shadow chancellor makes 'pro-business' pitch to company bosses

The transcript outlines Labour's commitment to stable tax rates to encourage business investment in Britain. It presents a pro-business tax plan, emphasizing a fair tax system and fiscal responsibility. Labour plans to maintain a 25% corporation tax rate, the lowest in the G7, to balance public finances and global competitiveness. The party promises to govern as a pro-business entity, valuing the financial services sector and ensuring economic stability.

What is the primary reason Labour emphasizes stability in tax rates?

• To align with international tax standards

• To ensure businesses can plan their investments with confidence

• To reduce the tax burden on individuals

• To increase government revenue

What does Labour plan to publish within the first six months of their government?

• A guide to tax avoidance

• A list of tax exemptions

• A roadmap for business taxation

• A new tax code

How does Labour plan to address changes in corporation tax arrangements?

• By increasing the tax rate annually

• By reducing the rate to match the lowest in the G7

• By capping the rate at 25% for the next parliament

• By eliminating corporation tax altogether

Which sector is highlighted as a major contributor to the UK's economic output?

• Financial services

• Agriculture

• Tourism

• Manufacturing

What percentage of the UK's economic output is attributed to financial services?

• 20%

• 5%

• 25%

• 12%