Hammond promises rates reform, but shies away from detail

Chancellor Philip Hammond ahead of the 2017 Budget
Chancellor Philip Hammond promised to build the economy a “strong and stable platform” as he delivered details on how he intends to help businesses in the Spring Budget.
Hammond confirmed that Corporation Tax will fall to 19% from April and 17% by 2020 in a move that he said would send out a message that “Britain is open for business,” and that he was “listening to the voice of business”.
The Chancellor also announced a reduction is the red tape surrounding the R&D tax regime that will make the country “a global competitor”.

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