Osborne plans to cut UK corporation tax

The UK Chancellor of the Exchequer George Osborne is planning to cut corporation tax to encourage overseas businesses to continue to invest in the UK, following its decision to leave the European Union.

Mr Osborne says cutting the tax to less than 15% is a way of showing the UK is 'still open for business', and would give the country a boost.

Our UK correspondent Martha Holeyman has more.

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