Why Global Firms Are Quitting Britain

Summary


A trickle of multi-national companies is relocating from the UK because of the high level of corporation tax - but it could turn into a flood, the Government was warned yesterday.

The head of the CBI said the UK had become less competitive because other European countries had lower business taxes and were attracting big companies.

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Extract


Why Global Firms Are Quitting Britain

Richard Lambert said the level of corporation tax - 30 per cent in the UK compared with 12.5 per cent in the R...

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