Boris Johnson pledges to postpone further cuts to corporation tax

The video discusses government plans to cut business rates, especially for SMEs, to boost the High Street and ease hiring by reducing National Insurance contributions. It highlights increased reliefs for new business buildings and a doubling of R&D funding to £18 billion. The government emphasizes fiscal prudence and prioritizes NHS funding, postponing further corporation tax cuts to save £6 billion for public priorities.

What is the primary goal of cutting business rates and National Insurance contributions?

• To increase government revenue

• To decrease unemployment benefits

• To reduce inflation

• To stimulate the High Street and make hiring easier

How much funding is the government planning to allocate for research and development in the next Parliament?

• £20 billion

• £10 billion

• £15 billion

• £18 billion

Why does the government support businesses according to the transcript?

• Because they pay the highest taxes

• Because they create wealth that funds the NHS

• Because they are the most innovative

• Because they are the largest employers

What is the reason given for postponing further cuts in corporation tax?

• To increase corporate profits

• To encourage foreign investment

• To align with international tax rates

• To save £6 billion for national priorities

What was the previous reduction in corporation tax mentioned in the transcript?

• From 25% to 15%

• From 22% to 18%

• From 28% to 19%

• From 30% to 20%