Tory retreats are welcome at a time when the British economy needs further austerity like a hole in the head, writes Ken Livingstone.
Tory Chancellor George Osborne has announced a “5-point plan” following the EU referendum, with the centrepiece being an intention to cut the corporation tax rate to 15 per cent.
Osborne justifies this decision by claiming it will attract extra investment and thereby help to offset the shock of the Brexit referendum outcome.
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