Public sector pay. Re-negotiating the energy price guarantee. Another fuel duty freeze. Jeremy Hunt’s first Budget on 15 March is certainly fraught with difficult challenges. Few Tories in Westminster are expecting much magic from the Chancellor, despite the surprise January budget surplus. And one reason for this is that Hunt is still pressing on with his corporation tax hike, which is due to go up from 19 per cent to 25 per cent for the UK’s largest companies in April.
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