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UK BUDGET

Osborne cuts company tax, bank levy; increases living wage

There will be an 8 per cent surcharge on bank profits on top of corporation tax starting in January 2016
Thursday, July 9, 2015 - 05:50
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Mr Osborne holding the dispatch box containing the budget outside 11 Downing Street in London on Wednesday.

London

UK CHANCELLOR of the Exchequer George Osborne cut company taxes and the levy on banks as he squeezed welfare and announced a new national living wage in the first budget by a Tory-majority government in almost two decades.

Taunting the Labour opposition that his Conservative