Brexit: George Osborne pledges to cut corporation tax
This is going to be similar to the Kansas Experiment but a scaled up version.<p>Can Britain really afford to cut taxes ? It has already cut services to the bone, while running a large twin deficit.<p>Ireland can afford lower tax rates because its such a small country - Dublin is nothing like London and can survive on low investment, and Ireland does not have complex public health service like the NHS.<p>Also lower rates really doesn&#x27;t mean anything if you are unable to access customers. What Brexit represents is a demand shock to British business, a kind of deflation that has caused the collapse of society in the past.<p>A market of 55 million people is too small for doing any serious 21st Century type globalized business.