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UK PM May to reduce corporate tax to 17% by 2020 - Reuters

According to a recent article by The Telegraph newspaper, British Prime Minister Theresa May will commit to wiping out the deficit by the middle of the next decade, allowing for greater borrowing to support the economy in the run-up to Brexit, as per Reuters reports.

Key highlights (via Reuters):

  • May to pledge that corporation tax will fall to 17pc by 2020 - The Telegraph
  • May to propose extra charges for businesses who employ non-EU migrants and higher charges for migrants who use the health service - BBC political reporter

Wall Street sinks as political controversy frightens investors

Major equity indices in the United States recorded their biggest daily fall in nearly eight months on Wednesday as the political turmoil in the United
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Market wrap: US Administration continued to take its toll on markets - Westpac

Analysts at Westpac offered a market wrap. Key Quotes: "Global market sentiment: The turmoil in the US Administration continued to take its toll on
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