The CEBR report found that if the Government raised the rate of corporation tax from 21 per cent to 26 per cent - the result of equalising the tax rate between big and small business - would cost around 100,000 jobs from the small business sector and reduce economic output by # 4.3 bn, while reducing the public sector deficit by only # 1.6 bn over 10 years. (politics.co.uk)
They do not intend to replace Labour's risible legislative commitment to cutting the public - sector deficit with a serious one to restore full employment as a central objective of government policy. (leftfutures.org)