We have seen ‘return’ signals from some companies that left the UK and other groups are looking at relocating, says Bill Dodwell.
There’s a pretty clear message to business from Budget 2012 – and indeed the Coalition government’s previous two Budgets: the government really is focused on making the UK the best place in the G20 to do business.
The surprise cut in corporation tax – which drops to 24% from 1 April 2012 – is the latest signal. The Chancellor also mentioned his ambition to introduce a 20% mainstream corporation tax rate– unifying both corporate rates and the basic rate of income tax.
Cutting the main corporate rate by 1% costs about £800m – which should be seen in the context of overall...
