World

UK PM vows low taxes in post-Brexit business pitch

AFP

Prime Minister Theresa May sought Wednesday to reassure business leaders that Britain after Brexit would be “unequivocally pro-business” and have the G20’s lowest corporate tax rate.

In a speech to the Bloomberg Global Business Forum in New York, May expressed confidence that Britain would secure a deal with the European Union before it withdraws from the bloc in March next year.

“A post-Brexit Britain will be an unequivocally pro-business Britain,” she said, adding that businesses should “look forward to the post-Brexit world with confidence”.

She added: “Whatever your business, investing in post-Brexit Britain will give you the lowest rate of corporation tax in the G20,” a reference to the Group of 20 major economies.