November 18, 2019
Boris Johnson has told business leaders he will delay cuts to corporation tax to boost investment in public services like the NHS. 
Boris Johnson Delays Corporation Tax Cut, Saying Money Will Go To NHS And Police
The prime minister, who has faced questions about how his government would pay for spending commitments on the health service, police and other services, said the move means £6bn that won’t be taken out of the public purse – for now. 
Speaking at the CBI conference in London, the PM said he will “postpone cuts to corporation tax” after the Conservatives pledged to cut the rate from 19% to 17% next year because it is the “fiscally responsible thing to do”.  
He said: “I hope you won’t mind if I also announce today that we are postponing further cuts in corporation tax.
“And before you storm the stage and protest, before you storm the stage, let me remind you this saves us £6bn that we can put into the priorities of the British people, including the NHS.”
Questions will remain about how Johnson will fund the rest of his government’s spending commitments. 
They include an extra £33.9bn on the NHS and new hospitals, £5bn on broadband and £25bn on roads. Johnson, who is pledging other tax cuts for businesses, said a Conservative government would also embark on an “industrial revolution”.
He said: “Yes, of course that means supporting some really fantastic major products.
“Big ticket items we will do, but it also means investing in the simple improvements that I think so many people and businesses have been craving in transportation.
“Modernising roads and junctions that have become bottlenecks and sources of massive local frustration and economic inefficiency, and putting in better bus services which can make all the difference to towns and villages and rural communities.” 
Amid speculation about the future of Sajid Javid after the election, the PM also stressed he would be keeping his current chancellor. He told firms: “I’m going to give you an absolutely categorical assurance that I will keep Sajid Javid as my chancellor. How about that?
“I think he’s a great guy and I think he is doing a fantastic job and I’m proud to count him as a colleague.
“I’d be grateful, however, if [...] we could not have endless questions about the personnel at the top of the Tory party. I don’t think I want to answer exhaustively about everybody.”
Despite the delay in cutting corporation tax, his speech was welcomed by the CBI. Director-general Dame Carolyn Fairbairn said: “Postponing further cuts to corporation tax to invest in public services could work for the country if it is backed by further efforts to the costs of doing business and promote growth.“Reforming business rates has been a key priority for CBI members. This means that we will finally get to grips with a broken system that damages investment and jobs and could breathe new life into our high streets and other sectors.
“Business welcomes the prime minister’s passion for levelling up opportunities throughout the country through investment in education, infrastructure and technology. But his words must become firm commitments in the Conservatives’ manifesto in order to get the UK economy back on track.” Related... Johnson Vows To Cut Taxes For Businesses Amid Brexit Anger Explained: What NHS Privatisation And 'On The Table In Trade Talks' Actually Mean
Related Stories
Latest News
Top news around the world
Academy Awards

‘Oppenheimer’ Reigns at Oscars With Seven Wins, Including Best Picture and Director

Get the latest news about the 2024 Oscars, including nominations, winners, predictions and red carpet fashion at 96th Academy Awards

Around the World

Celebrity News

> Latest News in Media

Watch It
Olivia Munn Reveals Breast Cancer Diagnosis and Double Mastectomy Procedure | E! News
March 13, 2024
kUaEV1Kd3S0
Travis Kelce Shares Details From His Trip to Singapore With Taylor Swift | E! News
March 13, 2024
3YXi-Dgf4eg
Kate Middleton VIRAL Photo: Agency Addresses Photoshop Claims | E! News
March 13, 2024
S4VkO0TpkCY
Da'Vine Joy Randolph Plays 'Smash or Pass' With Iconic Moments From Her Career
March 13, 2024
vkPdJEF2BX4
Jean Smart Wears a Hotel Bathrobe to Present an Award to Hannah Einbinder l Power of Comedy SxSW
March 12, 2024
Bw7uVEYQev4
Lenny Kravitz Walk of Fame Ceremony
March 12, 2024
MlWq8BcnwhE
Dak Prescott Extortion Plot & Steph Curry for President? | TMZ Sports Full Ep - 3/12/24
March 13, 2024
jHFsrjs7OFY
A Japanese space rocket blew up after takeoff Tuesday, turning the sky into a fireball of smoke.
March 13, 2024
YkfJ3Qg8B7c
#KimKardashian and #BiancaCensori hung out at #KanyeWest's listening party Tuesday night!
March 13, 2024
EfwLLq6bx9k
‘Pioneer Woman’ Ree Drummond denies using Ozempic to lose 60 pounds
March 13, 2024
Omfjk1AlZ3A
Chrissy Teigen reveals her ‘boob lift scars’ in daring dress at Jay-Z & Beyoncé’s Oscars 2024 party
March 13, 2024
VxZ2qXAlpmU
Zoë Kravitz pokes fun at dad Lenny Kravitz's style during Hollywood Walk of Fame speech
March 13, 2024
j3-lcFu_1sQ
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
17
Mar
SPAIN: La Liga
Atletico Madrid - Barcelona
17
Mar
ENGLAND: FA Cup
Manchester United - Liverpool
17
Mar
ITALY: Serie A
Inter Milan - Napoli
17
Mar
GERMANY: Bundesliga
Borussia Dortmund - Eintracht Frankfurt
17
Mar
ENGLAND: FA Cup
Chelsea - Leicester City
17
Mar
ITALY: Serie A
Roma - Sassuolo
17
Mar
ITALY: Serie A
Verona - AC Milan
17
Mar
ITALY: Serie A
Juventus - Genoa
17
Mar
GERMANY: Bundesliga
SC Freiburg - Bayer Leverkusen
17
Mar
USA: Major League Soccer
Atlanta United - Orlando City
17
Mar
ENGLAND: Premier League
West Ham United - Aston Villa
17
Mar
SPAIN: La Liga
Rayo Vallecano - Real Betis
17
Mar
ENGLAND: Championship
Leeds - Millwall
17
Mar
SPAIN: La Liga
Las Palmas - Almeria
17
Mar
SPAIN: La Liga
Villarreal - Valencia
17
Mar
SPAIN: La Liga
Sevilla - Celta Vigo
16
Mar
GERMANY: Bundesliga
Darmstadt - Bayern Munich
16
Mar
ENGLAND: FA Cup
Manchester City - Newcastle United
16
Mar
ENGLAND: Premier League
Fulham - Tottenham Hotspur
16
Mar
SPAIN: La Liga
Osasuna - Real Madrid
13
Mar
CHAMPIONS LEAGUE: 1/8 Final
Atletico Madrid - Inter Milan
12
Mar
CHAMPIONS LEAGUE: 1/8 Final
Barcelona - Napoli
12
Mar
CHAMPIONS LEAGUE: 1/8 Final
Arsenal - Porto
11
Mar
ENGLAND: Premier League
Chelsea - Newcastle United
10
Mar
ENGLAND: Premier League
Liverpool - Manchester City
10
Mar
SPAIN: La Liga
Real Madrid - Celta Vigo
10
Mar
ENGLAND: Premier League
Aston Villa - Tottenham Hotspur
10
Mar
ITALY: Serie A
Juventus - Atalanta
10
Mar
ITALY: Serie A
Fiorentina - Roma
10
Mar
ITALY: Serie A
AC Milan - Empoli
09
Mar
GERMANY: Bundesliga
Werder Bremen - Borussia Dortmund
09
Mar
ENGLAND: Premier League
Arsenal - Brentford
09
Mar
ITALY: Serie A
Bologna - Inter Milan
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.