With just days to go until the general election, the UK’s main political parties have laid their policy cards on the table. Finance chiefs will be watching the polls closely, as the outcome of the election could have significant impacts on tax obligations, regulatory requirements, employee pension schemes and international trade.
Labour’s 133-page manifesto emphasises economic growth as a “number-one priority”, promising to cap corporation tax at 25%, enhance research and development and introduce a National Wealth Fund to support the green transition. The Conservatives offer a mix of tax relief and support measures for small businesses, with a focus on reducing regulatory burdens.
Both parties have committed to cracking down on tax dodging – a common theme across all of the UK’s main-contender manifestos.