Boris Johnson showed a lot of guts to go to the CBI Conference and announce that he was delaying a planned corporation tax cut in order to fund public services. This was a speech which was long overdue.
Since 2010, governments have given away corporation tax cuts worth over £60bn. This figure doesn’t include the billions of cuts in business rates and increases in capital allowances.
Governments have banked the house on the idea that if you cut taxes for business, they invest more, and that creates the growth needed to pay for good public services. But this logic simply doesn’t […]
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