Mr. Osborne announced the new tax target in an interview with the Financial Times published Sunday. Treasury chief George Osborne plans to cut the corporation tax in the U.K. to just 15% in an effort to lure business investment as the economy reels from Britons’ shock decision to exit the European Union. The current rate is 20% and... LONDON—U.K.

Source: Wall Street Journal July 03, 2016 18:33 UTC