The Autumn Statement is good for equities

Lower corporation tax could provide a boost to stocks and shares
Thursday 24 Nov 2016 Author: Daniel Coatsworth
The pledge by Chancellor Philip Hammond in his Autumn Statement on 23 November to cut corporation tax from 20% to 17% by 2020 is positive for equities. The money that listed companies will save on tax could be used to hire more staff which could boost productivity. Firms could also pay higher dividends or accelerate debt repayments. ‘The corporation tax cut will be a positive initiative for a number...

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