BUSINESSES are likely to scrutinise pledges made by political parties, as they seek to get the best deal after the election.
It comes as parties have revealed how they intend to stimulate economic growth as outlined in their manifestos.
The Conservative Party is proposing to cut corporation tax by 17 per cent by 2020, as well increasing the personal income tax allowance to £12,500 and increasing the higher rate of income tax to £50,000.
Labour could be abolishing business rates altogether in favour of a Land Value Tax. It also believes it can raise an extra £6.4bn a year from the top 5 per cent of earners in the country to pay for “a fairer, more prosperous society for the many, not just the few”.
It said the money could be raised by setting the threshold for the 45p rate of income tax at £80,000 instead of £150,000 and introducing a new 50p rate on earnings over £123,000.
The Liberal Democrats will aim to create a “new start-up allowance” to help those starting a new business with their living costs in the first weeks of their business - up to £2,600.
Ukip says it will “cut the burden of taxation on business, especially our smaller and medium sized businesses as well as encouraging local authorities to make life easier for businesses too, by providing cheaper and “ideally free” parking in high streets to “encourage customers back into town centres and high streets.”
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