Budget 2012: ABI director general welcomes corporation tax cuts
The director general of the Association of British Insurers has "strongly welcomed" Chancellor George Osborne's promise to create a more competitive corporate tax regime in Britain by cutting corporation tax to 24%.
Responding to this afternoon's budget Otto Thoresen was among the first in the industry to comment on news of the 1% cut in corporation tax, which will be further chopped to 22% by 2014.
He said: "We
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