Chancellor Jeremy Hunt has admitted that UK business taxes are too high but insisted the best way to lower them would be to expand the economy.
Hunt defended the decision to increase corporation tax to 25 per cent in the last Budget, arguing that lowering the burden previously had not yielded the hoped-for increase in business investment.
“The tax burden is too high, we would like to bring it down,” he said at the government’s Business Connect forum in London. “The way we will…
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