Danni Hewson, financial analyst at the stockbroker AJ Bell, says about Liz Truss’s climbdown on corporation tax:
It may have, temporarily, been an incentive for businesses to overlook the tangle of red tape and additional costs associated with trading in a post Brexit world. But at what cost? Companies had already priced in the new tax rates which had been well signposted and at 25% the UK will still be competitive.
Source: Financial Digest (financialdigest.net)
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