Campaign news

Reverse These Deeply Unfair Tax Giveaways And Start Properly Investing In Our Vital Public Services

8th January 2017

John McDonnell

New analysis by the Labour Party, using official data, shows cuts in Corporation Tax under the Tories could have paid for much needed teachers, police officers and nurses.

The cost of Corporation Tax cuts worth almost £15 billion by 2021 is equivalent to the cost of employing 10,000 teachers, 10,000 police officers and 12,000 nurses, full-time, every year, for a decade.

The figures highlight the impact of the Tories’ cuts to Corporation Tax.

We have known for a long time that the Tories’ cuts to Corporation Tax have cost the Exchequer billions, and we have laid bare what this means for our public services.

Labour is calling on the Government to reverse these deeply unfair tax giveaways and start properly investing in our vital public services

Background

By Ian Hodson It’s great news that a mainstream political party has recognised the importance of taking positive action to raise pay. Since 2008, politicians from all parties along with many in the media, have pushed the narrative that society will somehow improve by imposing austerity and blaming minority groups for the state of the country’s finances. Sadly, many have fallen for this deception and the ‘look over there’ politics that has rose to prominence since the Conservatives returned to power in 2010. [continue...]

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