U.K. Chancellor of the Exchequer George Osborne delivered his latest budget, which proposes to eventually cut the country’s corporate tax to 17%, the lowest in the Group of 20 major economies.

The U.K. plans to cut the corporate tax to 19% in 2017 and to 17% in 2020, supporting investment in the U.K., and “ensuring the U.K. has by far the lowest rate in the G-20,” Osborne said in his annual budget speech to parliament. (more…)