Theresa May vows to lower taxes in post-Brexit business pitch in New York
New York — Prime Minister Theresa May sought Wednesday to reassure business leaders that Britain after Brexit would be "unequivocally pro-business" and have the G20’s lowest corporate tax rate. In a speech to the Bloomberg Global Business Forum in New York, May expressed confidence that Britain would secure a deal with the European Union before it withdraws from the bloc in March next year. "A post-Brexit Britain will be an unequivocally pro-business Britain," she said, adding that businesses should "look forward to the post-Brexit world with confidence". She added: "Whatever your business, investing in post-Brexit Britain will give you the lowest rate of corporation tax in the G20," a reference to the Group of 20 major economies. Her Conservative party’s manifesto has pledged to reduce the corporate tax rate from 19% currently to 17% by 2020. May’s comments came as opposition Labour leader Jeremy Corbyn closed his party’s annual conference in Britain with a very different message. ...
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