Budget 2012: Osborne sets out ‘Budget for business’

CHANCELLOR George Osborne promised his Budget would "back business" as he cut corporation tax and scrapped the 50p income tax rate.

Promising to create a tax system that is "more competitive for business than any other economy in the world, " Mr Osborne revealed corporation tax would be cut to 24% next month with further cuts taking it to 22% by 2014 , 1% lower than previously set out.

He pledged to invest in the Network Rail's "Northern Hub" scheme to improve services in the North with spending on lines connecting Shef... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...