Monday 18 November 2019 / 3:06 PM John McDonnell

John McDonnell comments on the Tories’ Corporation tax cut U-turn

John McDonnell, Labour’s Shadow Chancellor, commenting on the Tories’ Corporation tax cut U-turn, said: 

“Johnson has announced a temporary pause in the Tories’ race to the bottom on corporation tax.

“It cannot compensate for the lives that have been lost and will not repair the damage done to our communities to pay for the Conservatives’ handouts to big business since 2010.

“The government’s own figures show that billions have been lost to the public purse, which has had real consequences across the country.

“This pale attempt to mask the Conservatives’ history of handing out tax giveaways to big business shows they are in chaos, but when the election is over we know they’ll soon revert to type.”