Britain will need to curb public spending further or raise taxes if leaving the EU does long-term damage to economic growth, underscoring the importance of the country striking new trade deals, the UK government’s budget watchdog has said.
Fri, 14 Jul, 2017
Britain’s economy is likely to feel the impact of the Brexit vote in the coming years after an initial period of resilience, chancellor Philip Hammond said as he spelled out his plans to steer the British economy through its departure from the EU.
Thu, 09 Mar, 2017
Thu, 24 Nov, 2016
The UK is to cut its corporate tax rate from 20% to 18% by 2020; thus lessening Ireland’s advantage in attracting foreign direct investment. The North is also seeking to get a special rate in the next few years of 12.5%, to match Ireland’s.
Thu, 09 Jul, 2015
Britain’s public finances veered further off track in July after a shortfall in corporation tax revenues and higher spending, putting the government’s deficit goals in doubt and raising the prospect of more austerity on top of planned spending cuts.
Wed, 22 Aug, 2012