What cutting corporation tax to 10% would mean for the UK

Richard Murphy 26/10/2016

Richard Murphy: Some of the smaller economic brains inside the Brexit camp are suggesting that the UK should cut its corporation tax rate to 10 per cent. Let me suggest some of the consequences. First, we would lose over £20 billion of tax revenue a year. That’s one third of the total forecast UK deficit. There’s not a shred of evidence that …