Tuesday

17th Oct 2017

Ticker

UK has no 'plan' to become post-Brexit tax haven, says chancellor

The UK will not cut taxes and regulations after Brexit to try to undercut European rivals, Britain's chancellor Philip Hammond told the French Le Monde newspaper. Previously, the UK had suggested it would turn the country into a corporate tax haven if it didn't get access to the EU market. But the country's finance chief now told Le Monde: "That is neither our plan nor our vision for the future."

Focus

In Iceland: Europe woos Arctic allies

The EU is requesting a status of observer at the Arctic Council, a regional forum in which Asian countries are already active.

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