Shadow chancellor Ed Balls has denied that Labour has an "anti-business agenda" after pledging to restore the 50p tax rate for high earners

Ed Balls sparks tax rate debate

Politicians at both ends of the political spectrum need to be more honest about the true motivations behind their tax policies.

Live updates

Ed Balls pledges to keep low corporation tax rate

Shadow Chancellor Ed Balls is to set out how Labour would help nurture British business by maintaining the lowest rate of corporation tax in the G7 group of major industrialised nations.

At a speech in London, Mr Balls will say: "The last Labour Government left Britain with the most competitive rate of corporation tax in the G7 and we are committed to maintaining that position."

Ed Balls is setting out how business taxes would look under a Labour government. Credit: Stefan Rousseau/PA Archive/Press Association Images

However he will also argue that a further cut in corporation tax next year is not "the right priority", instead committing Labour to a freeze on business rates that would affect 1.5 million business properties.

He will say the aim of Labour's business tax approach will be to make the UK "a great place to do business, not simply a cheap place to shift their profits".

Read: Policy chief blasts Miliband's 'cynical' reforms

Ed Balls: 'Cameron has lost control, Britain is suffering'

Shadow chancellor Ed Balls said the Prime Minister's actions in Brussels this week were "catastrophe for Britain and the British national interest."

"We won't be influential in the world, unless we are influential in Europe," he told BBC One's The Andrew Marr Show.

Ed Balls said David Cameron 'has lost control'. Credit: Stefan Rousseau/PA Wire/Press Association Images

"I've never seen a negotiation so cack-handed," Mr Balls said about David Cameron's failure to stop the appointment of Jean-Claude Juncker as the new head of the European Commission.

Mr Balls said about the Prime Minister: "He's weak, he's lost control, he's on the back foot, Britain is suffering. I think it's catastrophic for Britain."

Read: Miliband: Juncker vote a 'real danger' to British economy

Advertisement

Ed Balls: Jon Cruddas 'excited' by Labour reforms

Ed Balls said policy chief Jon Cruddas was "excited" by the party's agenda despite him claiming that Labour was stopping bold reforms in favour of "cynical nuggets of policy."

Shadow chancellor Ed Balls. Credit: Danny Lawson/PA Wire/

The shadow chancellor told the BBC's Andrew Marr show: "I talked to Jon a couple of days ago and he's not frustrated, he's excited about his policy agenda.

"He's frustrated by the way in which one report of 250 pages gets reduced down to one headline."

He added: "Jon Cruddas, with me and Ed and others, has been working for years on big reforms, they're going to come out in the next few months, people will see the policy review he has led has been a big deal."

Read: Policy chief blasts Miliband's 'cynical' reforms

Ed Ball issued with summons over car crash

Shadow chancellor Ed Balls. Credit: PA

Shadow chancellor Ed Balls has been issued with a summons in connection with a car crash.

The MP is facing allegations that he failed to stop after driving into another car in his constituency in April.

His office said he would not be contesting the charge, with the case due to be heard at Leeds Magistrates Court on August 5.

Mr Balls previously said that he had "no idea" he had caused any damage until he was contacted by police.

Ed Balls responds to Chancellor's mortgage plans

Labour's shadow chancellor Ed Balls said:

George Osborne is still failing to tackle the root cause of the housing crisis which is that we are not building enough homes to match rising demand.

Over the last few years Labour has repeatedly called for action on housing supply, but the Chancellor has failed to act.

Under this government housebuilding has reached the lowest peacetime levels since the 1920s.

You can't deal with the cost-of-living crisis and create a strong and balanced recovery without building more homes.

Ed Balls faces charges over failing to stop offence

Shadow Chancellor Ed Balls has been told by police that he faces being charged for failing to stop after driving into another car.

Ed Balls has confirmed he will not fight prosecution for failing to stop after driving into another car. Credit: PA

Mr Balls reiterated on his blog that he "had no idea" he had damaged another vehicle during the incident in Morley, West Yorkshire, last month.

"I'd been turning our car round in a tight spot in the narrow private drive beside the Labour rooms in Morley where I park all the time," he wrote.

"Another car was parked close by and I was aware the two bumpers touched. But I had no idea any damage had been done until the police got in touch a week later."

He confirmed that, "of course I will be accepting the charge" and suggested he expected to be punished with penalty points on his licence.

A West Yorkshire Police spokesman said they were still consulting with prosecutors and no formal decision had been taken to proceed.

Advertisement

Police launch investigation into Ed Balls driving incident

Police have launched an investigation into an incident in which shadow chancellor Ed Balls drove away after colliding with a parked car without telling the owner.

The Labour MP was involved in the collision in his Morley and Outwood constituency on April 5th.

Ed Balls said he was 'terribly sorry' after colliding with a parked car Credit: Stefan Rousseau/PA Wire/Press Association Images

Mr Balls issued a statement saying he had not realised the other car had been damaged but has now apologised to the driver.

"Until I was contacted the following Wednesday, I had no awareness at all that there had been any damage to the other car. As soon as I was made aware of what had happened, I took full responsibility for any damage caused," Mr Balls said.

"I have written to the owner of the other car to say I was terribly sorry and to reimburse the owner concerned for the necessary repair," he added.

Pickles attacks Balls over 'sleeping during Budget' claim

Communities Secretary Eric Pickles has hit back at Ed Balls after the shadow chancellor suggested he had fallen asleep during today's Budget speech.

Mr Balls had told a briefing of lobby journalists:

"Eric Pickles fell asleep for a quite extended period of time and Ed [Miliband] and I were worried because, you never know, there might have been some big cut in local government spending coming which he didn't know about so we just politely suggested to Vince Cable that he should wake him up."

In a Twitter reply to the Daily Mail's Tim Shipman, Mr Pickles witheringly dismissed Mr Balls' claims.

Stmza3om_normal

Ed Balls has revealed the Labour front bench spent much of the Budget speech urging Vince Cable to wake up Eric Pickles.

Twitterprofilephoto_normal

@shippersunbound my dear chum Shippers wide awake although sleep would have been a blessed release from Lab lacklustre response

Ed Balls: Wayne Rooney worth the big salary

Manchester United star Wayne Rooney's reported £300,000 a week should not be controlled as his talent attracts the high salary, shadow chancellor Ed Balls has suggested.

Mr Balls said in the footballer's case it was perhaps "genuinely the talent getting the pay" as there is "only one Wayne Rooney" who could go anywhere in the world.

Shadow Chancellor Ed Balls supports Wayne Rooney receiving a 'big' salary. Credit: PA

Mr Balls made the remarks after he was questioned about Business Secretary Vince Cable's comments in the Observer that he did not understand "why people need a million quid a year".

He told BBC Radio 5 Live's Pienaar's Politics: "I think in some parts of our economy - when it's not a great idea or when it's not the talent of Wayne Rooney - then you do think to yourself these massive multimillion-pound salaries, it feels like a bit of a Ponzi scheme."

Load more updates

Advertisement

Today's top stories