Spring Budget 2021: Chancellor hikes corporation tax to 25% from 2023

Personal thresholds remain frozen

Jenna Brown
Sunak insisted that the UK had the lowest corporation tax rates in the entire G7

Sunak insisted that the UK had the lowest corporation tax rates in the entire G7

Corporation tax will go up to 25% from 2023, but personal tax thresholds will be frozen, Chancellor Rishi Sunak has said in his Budget speech today.

Sunak told the House of Commons the move may not be popular but it was fair as the economy recovers after the Covid-19 pandemic. He added the UK would still have the lowest corporation tax in the G7...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Industry

Majedie Asset Management's Rob Harris

Liontrust share price rises following 'surprise' Majedie Asset Management purchase

Increases Liontrust's AUM to £42.3bn

Lauren Mason
clock 07 December 2021 • 3 min read
Merger and acquisition

R&M share price rockets 13% as Premier Miton and AssetCo eye up deals

R&M already selling one division to shareholders

clock 23 November 2021 • 2 min read
Alan Steel was popular in the national and trade press throughout his career.

'Pioneer' and titan of financial advice Alan Steel dies

Formed his IFA business in 1975

Tom Ellis
clock 17 September 2021 • 3 min read