U.K. Labour party would freeze corporation tax decrease

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The second largest U.K. political party by number of representatives in the Parliament, Labour, announced on Tuesday at its annual conference that it would freeze the corporation tax cut for the biggest companies to support small businesses. The party expects the increase in budget revenues by 340 million pounds from this measure in the first year after general election that will take place in 2015.

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