Financial24.co.uk
Financial and Business News

- Advertisement -

- Advertisement -

- Advertisement -

Labour to scrap business rates if elected, says shadow chancellor

73

Rachel Reeves says party will also review tax reliefs, suggesting it would target income from buy-to-let property

Labour will scrap business rates and undertake the “biggest overhaul of business taxation in a generation,” the Labour shadow chancellor will say at her speech on Monday, saying the current system punishes entrepreneurs and business investment.

Rachel Reeves will also announce that the party will undertake a major review of existing tax reliefs, suggesting it would target reliefs on wealth such as income from buy-to-let properties.

Continue reading…

Leave A Reply

Your email address will not be published.