Why Michael Noonan is right to downplay UK corporate rate pitch

Maybe it’s just me, but when a politician — particularly one as senior as the finance minister, and especially when that minister is wily old Michael Noonan — tells us that Britain reducing its corporation tax to 15% is no big deal, I begin to wonder what I’m not being told.

It’s only a few short weeks since the Brexit campaign was in full swing and any impact on our economy was being played down.

Indeed, the reverse, to some extent, is true in that Brexit was akin to the ‘land of milk and honey’, full of opportunity.