The think tank said a second referendum that reversed the Brexit decision would encourage growth Neil Hall/ReutersA second referendum that reverses Brexit would have a positive and significant impact on the UK economy, a global think tank has claimed. The Organisation for Economic Co-operation and Development (OECD) has urged the chancellor, Philip Hammond, to scrap further cuts in corporation tax and use the money for public infrastructure projects and training programmes to grapple with the UK’s chronic productivity problems. The OECD, a think tank for wealthy nations which is based in Paris, said that the £4 billion cost of pressing ahead with plans to reduce the corporation tax rate from 19 per cent to 17 per cent would be better directed elsewhere. The proposal was part of a package of policy suggestions from the OECD and was notable because the Treasury…

Source: The Times October 17, 2017 11:03 UTC