UK's Johnson drops corporate tax cuts to fund spending as election nears

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UK's Johnson drops corporate tax cuts to fund spending as election nears
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British Prime Minister Boris Johnson said on Monday he was putting on hold furth...

Britain's Prime Minister Boris Johnson attends the annual CBI Conference in London, Britain November 18, 2019. REUTERS/Simon Dawson

“We are postponing further cuts in corporation tax,” Johnson told business leaders at a conference organized by Britain’s main business lobby, the CBI. Britain had been due to cut its corporation tax rate to 17% next year, down from 19% now, which is already one of the lowest among the world’s big industrialized economies.

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