Brexit tax changes

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Hammond would look at tax changes under 'no deal' Brexit Philip Hammond has confirmed the government would consider tax changes to counter the economic impact of a ‘no deal’ Brexit. Appearing before the Treasury Select Committee, the chancellor also said the government would be forced to borrow billions more to keep blood in the veins of the economy. Mr Hammond has previously hinted that he could dramatically cut business tax in order to pull in investment in the event of no deal.

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