Labour has promised not to raise corporation tax if it wins the next general election.
Shadow chancellor Rachel Reeves told a gathering of 400 senior corporate leaders at the Oval cricket ground in south London that the “full expensing” regime would also be retained.
The major tax break, which was made permanent by the Conservative government in November, is intended to boost capital investment and is worth up to £11bn a year.
However, she repeated her warning that the £28bn green investment pledge would be dependant on the state of the economy and public finances that they inherit.
