Boris Johnson to shelve planned cut in corporation tax
by Rowena Mason Deputy political editor from on (#4V9JX)
CBI told cancelling proposed reduction would save 6bn that could be spent on public services
Boris Johnson has told business leaders he will shelve a planned cut in corporation tax, claiming he would put 6bn into public services instead.
The prime minister used a speech at the CBI conference to say corporation tax will not be cut from 19% to 17%, and issued a plea for business leaders to show understanding about his priorities.
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