Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will commit not to introduce any new taxes which increase the cost of doing business.

At the Budget on 26 November, the government will continue to deliver on the priorities of the British people: cutting NHS waiting lists, cutting the national debt and cutting the cost of living. There will be no return to austerity and we will end the unfairness and low growth that squeezes living standards for working people: that is the path to national renewal.

The Chancellor’s decisions on tax will be announced in the usual way at the Budget.

I do note that the 2023 budget under the Conservative government increased corporation tax on businesses from 19% to 25%.

We do not comment on tax speculation ahead of fiscal events.