U.K. Prime Minister Boris Johnson announced his Conservatives are canceling plans to cut corporation tax next April so the government can save money to spend more on voters’ priorities, including the state-funded National Health Service.
The rate was due to fall to 17% from 19%, but Johnson said businesses had already gained from a succession of corporation tax cuts in recent years. He spoke to the Confederation of British Industry to try to get the focus of his general election campaign on his Conservative Party’s pro-business policies.
