Cut company tax, calls for UK fund supervisor Blue Whale

A prime UK fund supervisor backed by monetary veteran Peter Hargreaves has known as on the Government to chop company tax to fifteen per cent, saying Britain needs to be ‘at the least on par’ with the Republic of Ireland to stay aggressive.

Stephen Yiu, supervisor of the Blue Whale Growth Fund, which controls property price £915 million, stated corporations wanted ‘further incentive’ to put money into the UK and that the 25 per cent company tax charge was placing it at a drawback in comparison with European neighbours.

‘Brexit ought to have given us a number of freedom to do what we could not do earlier than,’ Yiu stated.

Disadvantage: Stephen Yiu stated corporations wanted ‘further incentive’ to put money into the UK

Lowering company taxes to an efficient 15 per cent, much like charges within the Republic of Ireland, could be an ‘inspiration,’ the fund supervisor stated. 

The transfer would additionally make Britain ‘extraordinarily aggressive relative to different Western international locations like France, Germany and even the US’ the place tax charges are greater.

‘That is an efficient strategy to appeal to corporations to the UK,’ Yiu stated.