Osborne delivers Autumn Statement

  • UK Chancellor George Osborne overhauls stamp duty system; no tax charged on first £125,000, 12% above £1.5m. 
  • Osborne forecasts 3 per cent growth in 2015.
  • Northern Ireland will be allowed to set its own corporate tax rate to better compete with low corporate tax regime in the Republic of Ireland. 
  • New tax rate of 25 per cent to be introduced for corporations shifting profits made in the UK overseas.