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Any other business

Will Rachel Reeves scrap the private equity tax break?

10 February 2024

9:00 AM

10 February 2024

9:00 AM

I’ve been reading – so you don’t have to – speeches recently addressed to a hot-ticket gathering of business leaders at the Oval cricket ground by Sir Keir Starmer and shadow chancellor Rachel Reeves. The nub is a promise to hold corporation tax at the current rate of 25 per cent for the duration of the next parliament, combined with a warning that ‘levelling up of workers’ rights’ will cause companies’ labour costs to rise.

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