Brexit: U.K. Treasury wants massive corporate tax cut - News Summed Up

Brexit: U.K. Treasury wants massive corporate tax cut


He told the Financial Times that he wants to play a leading role in shaping the country's economic future. U.K. Treasury chief George Osborne says he wants to take an ax to the country's corporation tax to boost investment in the aftermath of the Brexit vote. But Osborne now wants to cut much farther and faster, saying the U.K. should "get on with it" to attract investors. The recent vote to leave the European Union has plunged the U.K. economy into uncertainty and thrown the government's financial plans into disarray. But the Financial Times article said he is now "striking a more cautious note, awaiting official forecasts before announcing any new measures" in the fall.


Source: CNN July 04, 2016 05:37 UTC



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