Call for Brown to cut corporation tax - papers 10th March

According to the paper, the British Chambers of Commerce (BCC), the Institute of Directors and the Confederation of British Industry all said that Britain was slipping behind its European rivals. The IOD called for a two percentage point cut in corporation tax to 28%, arguing the move would not cost the Chancellor a penny if he simplified the tax regime at the same time. Bill Midgley, president of the BCC, said the UK has dropped from having the 9th lowest corporation tax rate a decade ago, to the 16th lowest, and British companies now pay 5% more on average than their European counte...