Budget 2011: Osborne targets UK as ‘location of choice’

CHANCELLOR George Osborne's Budget has given entrepreneurs and wealth creators the clear message that the Government is doing what it can to promote the UK as a place to do business, a senior figure at accountancy firm Ernst & Young has said.

But Martin Portnoy, tax partner at Ernst & Young in Manchester, said Mr Osborne had "raided the banks" to make his measures to cut corporation tax by 2% from April 1 and by 1% in each of the following three years a reality.

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