Sunak to push ahead to increase UK corporation tax rate back to 25%       

Conservative party MPs calling for halt to planned rise from the current 19% in April

British prime minister Rishi Sunak speaking at a Coca-Cola plant in Lisburn last week.

British prime minister Rishi Sunak has rejected calls from his own Conservative Party to cancel a rise in UK corporation tax due to come into force next month, according to a person familiar with government plans.

The levy on business profit is scheduled to rise from 19% to 25% in April, prompting demands to stop the increase in a bid to encourage investment.