1 month ago
Daily Mail
Britain will head in a 'drastically anti-investment direction' if a planned rise in corporation tax goes ahead, telecoms giant BT warned yesterday. It is the biggest corporate broadside yet against government plans to hike corporation tax from 19 per cent to 25 per cent. Luke Johnson, an entrepreneur and former Channel 4 and Pizza Express chairman, said the corporation tax was 'sending a very bad signal' and that the Government was 'more socialist than the Labour Party'. The calls for the corporation tax hike to be scrapped grew after figures this week showed a £30 billion windfall for the public finances from lower-than-expected borrowing. John Longworth, the former BCC director-general and pro-Brexit campaigner, said: 'The Chancellor now has no excuse to raise corporation tax.'
Continue reading...
