Tue. Jan 19th, 2021

Boris Johnson to pledge tax cuts for business in bid to ease Brexit fears

PM will reveal measures at CBI conference but faces criticism over plans to cut immigration

Boris Johnson will announce a range of tax cuts for businesses at the Confederation of British Industry conference, as the business group’s director general warned his plans to reduce immigration risked a skills shortage.

The prime minister will promise tax relief for the construction and research industries, plus a tax cut for small employers by raising the allowance for their national insurance bills from £3,000 to £4,000. This comes on top of a previous pledge to lower business rates to help those with premises.

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