Rishi Sunak rejects calls by senior Tories to scrap corporation tax hike

Prime minister is facing a Budget rebellion over the policy, which is central to his plans to tame inflation

Sophie Wingate
Sunday 19 February 2023 20:57 GMT
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The government has rejected calls by senior Conservative MPs to scrap a planned rise in corporation tax.

Rishi Sunak is facing the prospect of a rebellion over the policy to hike the tax from 19% to 25%, underlining Tory splits on the economy.

Seven Tory backbenchers, business leaders and economists signed a letter demanding the prime minister “abandon” the increase.

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