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Cap Corporation Tax and Support Business Investment

Keir StarmerLabourPrime Minister

Labour pledged to cap corporation tax at 25% for the whole parliament. The manifesto also promised to: Retain full expensing. Provide a business tax roadmap. Replace the business rates system in England.

In ProgressManifesto+1
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Summary

Labour pledged to cap corporation tax at 25% for the whole parliament. The manifesto also promised to:

  • Retain full expensing.
  • Provide a business tax roadmap.
  • Replace the business rates system in England.
Timeline
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2026-05-28: Full Fact rated the corporation tax cap pledge as appearing on track.

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