Summary List Placement
- Rishi Sunak on Wednesday announced a further £65 billion worth of fiscal measures for the year, bringing the government’s total support aimed at recovery from COVID-19 to £407 billion.
- To restore public finances, the UK government hiked the rate of corporation tax from 19% to 25%.
- Sunak’s tax move could encourage higher earners to drive businesses away from the UK, a CEO said.
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The cost of total fiscal support to aid the UK’s recovery from the coronavirus pandemic reached £407 billion ($568 details ⇒
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