UK government to hike corporation tax to offset expense of Covid-19 aid – report

The British finance

The British finance minister, Rishi Sunak, is reportedly planning to raise the tax on business to defray the costs of expanding the nation’s Covid-19 support package.

The government is expected to increase the tax on business from 19 pence in the pound and to outline a pathway whereby it rises to 23 pence in the pound by the time of the next general election.

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