UK PM May to reduce corporate tax to 17% by 2020 - Reuters

Eren Sengezer FXStreet

According to a recent article by The Telegraph newspaper, British Prime Minister Theresa May will commit to wiping out the deficit by the middle of the next decade, allowing for greater borrowing to support the economy in the run-up to Brexit, as per Reuters reports.

Key highlights (via Reuters):

May to pledge that corporation tax will fall to 17pc by 2020 - The Telegraph
May to propose extra charges for businesses who employ non-EU migrants and higher charges for migrants who use the health service - BBC political reporter

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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