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Economy

Spring Budget: Corporation tax to rise to 25%

The measures come as the Office for Budget Responsibilityโ€™s (OBR) latest forecast predicts that the UK will not enter a technical recession this year

Corporation tax is set to rise from 19% to 25% for firms with profits over ยฃ250,000, as part of a number of measures announced in chancellor Jeremy Huntโ€™s Spring Budget.

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