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Osborne Cuts U.K. Corporation Tax Rate to 24% From April

Chancellor of the Exchequer George Osborne. Photographer: Simon Dawson/Bloomberg
Chancellor of the Exchequer George Osborne. Photographer: Simon Dawson/Bloomberg

March 21 (Bloomberg) -- Chancellor of the Exchequer George Osborne said that corporation tax will be cut to 24 percent from April.

“I can announce today a further cut of 1 percent –- to be implemented right away,” he said in his budget speech to Parliament today. “From next month, Britain will have a corporation tax rate of just 24 percent.”

To contact the reporter on this story: Svenja O’Donnell in London at sodonnell@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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