The shadow chancellor said Labour’s manifesto would ‘bear the imprint’ of engagement with businesses.
Shadow chancellor Rachel Reeves said Labour was now ‘the natural party of British business’ in a speech at Rolls Royce in Derby
Her statement means that a Labour government would be unlikely to bring forward a budget until at least September, given the timings of parliamentary recesses.Standing in front of two jet engines at Rolls Royce’s plant in Derby on Tuesday, Ms Reeves said her party’s proposals meant there were “no additional tax rises needed beyond the ones I have set out”.
In her speech, the shadow chancellor said Labour was now “the natural party of British business” and promised to lead “the most pro-growth, pro-business Treasury” in the UK’s history, adding that corporation tax would be capped at its current level under a Labour government. Asked whether her support for business came at the expense of supporting workers, Ms Reeves insisted that Labour was both pro-worker and pro-business
One of the signatories, Iceland founder Sir Malcolm Walker, publicly backed the Conservatives in 2015 when they were led by then-prime minister David Cameron.
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