Monday 2 January 2017 / 10:10 AM 2017 Press Archive / The Latest from Labour

Tory cuts to Corporation Tax, worth £15 billion, is the equivalent cost of employing 10,000 teachers, 10,000 police officers and 12,000 nurses

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.

Commenting,
John McDonnell MP, Labour’s Shadow Chancellor, said:

“Today’s
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 today 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.”