Hunt`s pledge to reduce corporation tax `will cost £13bn a year`
(The Guardian Business News)

IFS warns that Tory leadership candidate´s plans leave less scope for relaxing austerityBritain´s leading tax and spending thinktank has said that Jeremy Hunt´s promise to reduce corporation tax to the lowest rates in the advanced world would cost £13bn a year and risk the continuation of austerity.The Institute for Fiscal Studies warned that the Conservative leadership contender´s plans would leave no scope to relax the Tories´ policy of austerity after a decade of cuts to public services, unless other taxes were raised or the public debt was increased. Continue reading...