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LONDON, Nov 18 (Reuters) - British Prime Minister Boris
Johnson said on Monday the government was postponing further
cuts in corporation tax.
"We are postponing further cuts in corporation tax," Johnson
told business leaders at a conference organised by Britain's
main business lobby, the CBI.
"This saves 6 billion pounds ($7.8 billion) that we can put
into the priorities of the British people, including the NHS
(National Health Service)," Johnson said.
In 2015, the government set the main corporation tax rate at
19% for 2017, 2018 and 2019 and at 18% for the year beginning
April 1, 2020. In the 2016 budget, the government announced a
further reduction in the main rate to 17% for the year beginning
April 1, 2020.
($1 = 0.7712 pounds)
(Reporting by Guy Faulconbridge; editing by Michael Holden)
