Hammond makes fresh hints at UK tax cuts

Addressing a group of UK business leaders at Davos on 19 January, he hinted strongly that he was prepared to lower corporation tax from its existing 17%, the Telegraph wrote. He told delegates: "If somehow, despite our best efforts, political retribution were to triumph over economic logic and we don't get a fair deal providing the reasonable access to each other's markets… we will have to do whatever is necessary to ensure the continued competitiveness of our economy in those circumstances." Prime Minister Theresa May had already hinted at such measures in her 'Global Britain' spe...