UK budget: Osborne tows “open for business” line with corporate tax cut

Matthew Gilleard

March 20, 2013

George Osborne, UK Chancellor of the Exchequer, has delivered the 2013 budget, confirming a one percentage point cut in the corporate tax rate to 20% by April 2015, and claiming the government is building “the most competitive tax system in the world”. But there was bad news for banks.

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