EEF NW comment on Ed Miliband plans to raise Corporation Tax

David Ost, North West Region Director at EEF

Commenting on the proposal to raise Corporation Tax by the Leader of the Opposition, Rt Hon Ed Miliband MP, David Ost, North West Region Director of EEF, the manufacturers’ organisation, said: “Industry will be concerned by today's announcement to reverse part of the cut in corporation tax, which is at odds with what our competitors are doing.

"At a time when we are seeking to compete for every pound of investment, the headline rate of corporation tax sends an important signal to investors that Britain is open for business.

"Beyond its immediate impact, this will raise doubts amongst business on the commitment of a future Labour government to a competitive tax regime.”