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3718648858?profile=RESIZE_710xPlanned cuts to corporation tax next April are to be put on hold, Boris Johnson has told business leaders, with the money being spent on the NHS.

The rate paid by firms on their profits was due to fall from 19% to 17%.

But the PM told the CBI conference the move could cost the Treasury £6bn and the cash would be better spent on the "nation's priority".

Labour said business "handouts" had done real damage and the Tories would "revert to type" after the election.

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BBC News

 

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