Hunt's pledge to reduce corporation tax 'will cost £13bn a year'

IFS warns that Tory leadership candidate’s plans leave less scope for relaxing austerity. Britain’s leading tax and spending thinktank has said that Jeremy Hunt’s promise to reduce corporation tax to the lowest rates in the advanced world would cost £13bn a year and risk the continuation of austerity. The Institute for Fiscal Studies warned that the Conservative leadership contender’s plans would leave no scope to relax the Tories’ policy of austerity after a