Taxes and tariffs to be slashed under secret plan for no-deal Brexit - The Telegraph

Dhwani Mehta FXStreet

The UK Telegraph carried a story on another secret Brexit plan, citing that the UK government will cut taxes and slash tariffs under secret plans drawn up by officials to kick-start the economy in the event of a no-deal Brexit.

Additional Points:

“Sir Mark Sedwill, the Cabinet Secretary, has led a cross-departmental team examining the "economic levers" that can be used to make Britain more competitive.

The plans, which have been drawn up under the codename "Project After", include a series of aggressive policies to help the UK "steal a march" on the European Union.

The most significant measures include cuts to corporation tax and VAT along with further tax relief to encourage more business investment.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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