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 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.

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.

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.

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.

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.