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New Prime Minister Liz Truss’s stated agenda of cutting business taxes in a bid to bolster investment in the UK has been questioned by a “progressive thinktank”, which has said that the country’s low headline rate of Corporation Tax under recent Conservative governments has not had such an effect.

At the time of typing, new Chancellor of the Exchequer Kwasi Kwarteng was set to hold a “fiscal event” or mini-budget, at which he was expected to outline further details around tax cuts.…

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