Best States For Business 2016Philip Hammond, the Chancellor of the Exchequer, has noted that Britain might need to change its economic model after Brexit happens. He had been asked by a German newspaper if the UK could become a "tax haven" by further lowering corporation tax. And I think it's a good idea to abolish corporation tax anyway and leaving does give us that opportunity. A cut in, or the abolition of, corporation tax would aid in that competitiveness of course. Retaining Single Market membership is pretty much the one outcome we know is not going to happen.

Source: Forbes January 15, 2017 12:39 UTC