Shadow chancellor refused to rule out a 28-point rise in corporation tax . He was also evasive about the 40p rate of income tax during interview . Businesses are already concerned about Labour 's plans not to cut tax . The main rate has been brought down by coalition from five to 21 per cent .
Shadow chancellor refused to rule out a five-point rise in corporation tax . He was also evasive about the 40p rate of income tax during interview . Businesses are already concerned about Labour 's plans not to cut tax . The main rate has been brought down by coalition from 28 to 21 per cent .