Tories aiming to slash business taxes
Speculation mounts that Conservatives will commit to 25% corporation tax rate
Reports have emerged this morning that David Cameron will cut corporation tax
from 28% to 25% and the small companies rate from 22 to 20%, if the Tories win
the General Election next year.
The report comes from the
online and claims that the measures will be announced today as part of a
Conservative effort to stimulate the economy. Such a change in approach will be
in contrast to statements during the Tory party conference which talked of huge
cuts in public spending.
Gordon Brown is also expected to speak on the economy today and is reported
to be preparing to say that the UK needs to be at the heart of Europe and part
of its growth strategy.