Key facts:
· We raised £4.2 billion in December 2018 through corporation tax – the highest amount on record for December.
· Thanks to our balanced approach, we raised £54.4 billion from corporation tax in 2017-18 – a 49 per cent increase since 2009-10.
· We are backing businesses across the UK by cutting corporation tax from 28 per cent to 19 per cent, meaning businesses have more money to create good, well-paid jobs while keeping prices down.
Why this matters: Our balanced approach to the economy is helping people across the country with the cost of living, delivering good jobs and wage rises while keeping taxes down.
