Cameron: Labour pledge to raise corporation tax is 'nuts'

Cameron said Miliband's entire approach was "anti-business" and would risk British jobs by driving trade abroad. Miliband announced at the Labour Party conference in Brighton last week that he would reverse a corporation tax cut from 21% to 20% due to take effect in April 2015. An incoming Labour government would then use the £1bn saved over two years to reduce business rates on properties and commercial premises with an annual rental value of £50,000 or less. But Cameron criticised Miliband's ideas as his party kicked off its annual conference in Manchester. Speaking on the BBC...