Labour vows to cut small firm business rates

clock

Labour will reverse a planned rise in business rates for small firms if it wins the next election, party leader Ed Miliband is expected to say today.

Business rates across the UK are due to rise in April 2015, but Labour will ensure about 1.5 million small businesses continued to pay at 2014 levels until at least 2016, the BBC reports. The move would be paid for by reversing the last Budget's additional cut in corporation tax - from 21% to 20% - for 'big business' in 2015. Miliband (pictured) is due to make the policy pledge in his keynote speech to his party's annual conference in Brighton later on Tuesday. Up to 1.5 million businesses with properties worth an annual rent of £50,000 or less would benefit, with some firms saving...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Stories of the week: US equities, the FCA, and Mark Carney

Stories of the week: US equities, the FCA, and Mark Carney

Tariffs, Artemis, and aberdeen: The biggest stories from the world of investment and asset management this week

clock 14 March 2025 • 1 min read
Investment Week reveals finalists for Fund Manager of the Year Awards 2025

Investment Week reveals finalists for Fund Manager of the Year Awards 2025

Special 30th Anniversary Awards ceremony on 19 June

Katrina Lloyd
clock 12 March 2025 • 10 min read

Partner Insight: US fiscal policy: opportunities amidst uncertainty

T.Rowe Price
clock 12 March 2025 • 2 min read
Trustpilot