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

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.

What is the significance of the 'fiscal lock' mentioned in the text?

What is the intended impact of capping corporation tax at its current rate?