George Osborne Lowers U.K. Growth Outlook

The video discusses the UK's economic plans, including a reduction in borrowing from £1 in every £4 spent to £1 in every £14. GDP growth is forecasted to be stable, with slight variations over the next few years. Employment is at a record high, and benefit claims are at their lowest since 1974. The budget aims to reduce the deficit significantly by 2018. Measures to combat tax evasion and avoidance are expected to raise £12 billion. Corporation tax will decrease to 17% by 2020, and capital gains tax rates are also being reduced. The budget focuses on fostering investment, savings, and business growth, prioritizing the next generation.

What is the planned reduction of corporation tax by April 2020?

How is the capital gains tax being adjusted according to the budget?