Marc Bozza

We want to attract investment and jobs with a series of targeted incentives to drive growth and increase the tax take.

We pledge to free up small businesses, the most dynamic part of the economy, to do what they do best – creating new jobs. We will exempt from Corporation Tax those 1 million companies with profit before tax of under £50,000.

One million companies – some 66 per cent of the total number – pay less than £10,000 Corporation Tax. This represents just 6 per cent of the total Corporation Tax take in 2019 – £3.4bn.

In addition, these smaller firms face the time consuming and costly burden of audit and compliance

We would maintain subsidies and grants paid by the EU to UK businesses such as farmers, fisheries, universities and research bodies: this is our money anyway, recycled by the EU.

We would provide transitional relief to key sectors such as the automotive industry, to ensure a smooth Brexit and create Freeports in certain regions to encourage investment and create new jobs. We would overhaul financial services regulation, cut red tape, increase competition and boost lending to small and medium enterprises.

We pledge to raise £200bn by scrapping HS2, keeping the £13bn annual EU contribution, recovering our £7bn from the EIB and redirecting 50 per cent of the foreign aid budget (£40bn over a five-year term). We would also invest at least £50bn in local road and rail schemes in our development-starved regions.