The Government's plan to cut the corporate tax rate, announced today (20 March) in Chancellor George Osborne's 2013 budget, has received broad backing from law firm partners, in one of a number of measures aimed at boosting the UK's flagging economy. Today's announcement by the Chancellor came alongside a downward revision of UK economic growth estimates for the next two years, with the forecast for 2013 halved to 0.6%.
March 20, 2013 at 01:04 PM
1 minute read
The original version of this story was published on Legalweek
The Government’s plan to cut the corporate tax rate, announced today (20 March) in Chancellor George Osborne’s 2013 budget, has received broad backing from law firm partners, in one of a number of measures aimed at boosting the UK’s flagging economy.
Today’s announcement by the Chancellor came alongside a downward revision of UK economic growth estimates for the next two years, with the forecast for 2013 halved to 0.6%.
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