George Osborne, Shadow Chancellor, on Saturday promised early action to cut the headline rate of corporation tax from 28p to 25p, but aides conceded the change might not fully take effect until April 2011.
According to the Financial Times, Mr Osborne confirmed the proposed cut - already announced - would feature in an emergency Budget within 50 days of a Tory election victory, but it might not apply until the start of the next tax year. His promise came on the first day of the Conservative spring conference in Brighton, where David Cameron and his senior team are trying to convince the country - and some doubters in the party - that a Tory government would be "bold and radical". Full story...
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