Britain will reduce corporate taxes to boost the economy, inflation target remained at 2%

According to the British "Financial Times" reported, the British Chancellor of the Exchequer George Osborne yesterday released the annual Budget April 2015 enterprise tax will be reduced to 20%, lower than the current government came to powerwhen 28%. He fine-tuned the task of the Bank of England, the central bank to come up with more monetary activism to help stimulate economic recovery, but he did not change the inflation target of 2%.

These adjustments, as long as inflation remains controllable, policy-makers can give priority to economic growth. This gave rise to the following possibilities: the Bank of England's future will be based on growth, employment and inflation conditions for how long to maintain the exceptionally loose monetary policy to provide guidance.

Osborne said: "The years of accumulated problems will not be solved easily, need to make painstaking efforts to correct past horribly wrong."

Britain's austerity plan is currently in its third year, the plan is designed to address the ever-widening budget deficit and reduce the debt of the public sector and the proportion of national income, but almost no growth in the British economy in two years. Official oversight bodies - the UK Office of Budget Responsibility yesterday sharply lowered economic growth expectations, adding that the scale of borrowing will be higher than the expected 3 months ago.

The agency is expected in 2013, the British economy grew by only 0.6%, lower than the expected 1.2% in December last year. It also growth in 2014 is expected to be reduced from 2% to 1.8%. The agency said Osborne will be until 2017-18 will begin to reduce the ratio of debt to national income than the original commitment to the two-year delay.

Osborne said he would not take "through increased borrowing to reduce borrowing" this "gamble" practice. He insisted that the British currency radicalism, fiscal responsibility and supply-side reforms to fix the economy and public finances.

Osborne also announced to support the housing market Help to Buy program. Under the scheme, the Government will provide new housing to provide 20% of the interest-free loans. He promised to provide £ 12 billion of government guarantees for deposits lack of buyers.