Budget: Small cos tax rate to jump 2p

In what many believe will be his final Budget speech this afternoon, Brown says the rate would be raised in three stages. He also says mainstream corporation tax will be cut from 30p to 28p from April next year, pushing the rate lower than that in Germany, France, Japan and the US. “It will be the lowest of all the major economies,” he told a packed House of Commons. The Chancellor also announces in the last year investment has grown by 6%, business investment by 7%, and inward investment by 10% He adds business investment is forecast to rise again by more than 7% this year. Inves...