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Labour Targets U.K. Tax System in Bid to Get Business Onside

Sept. 26, 2021, 9:30 PM

The Labour Party pledged to review hundreds of tax breaks and treat businesses more fairly as Britain’s biggest opposition party tries to gain ground on Prime Minister Boris Johnson before the next election.

Finance spokeswoman Rachel Reeves will unveil the plans to Labour’s conference on Monday, including a promise to ensure bricks-and-mortar stores and services aren’t at a disadvantage to online companies. The party would ditch so-called business rates and replace them with another system.

“We will look at every single tax break,” Reeves will say, according to advanced excerpts of her speech. “If it doesn’t deliver for the taxpayer ...

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