GOV.UK Lorem
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The main rate of corporation tax has already been cut from 28% in 2010 to 20%, and will be cut again to 17% by 2020, by far the lowest in the G20 and benefitting over 1 million businesses.
The Prime Minister and Secretary General Stoltenberg spoke about the importance of NATO members meeting the 2 per cent commitment and agreed to continue to encourage allies to increase defence spending.
Stripping out the effects of the Bank of England interventions, underlying debt peaks this year at 82.4% of GDP and falls thereafter to 77.7% by 2021-22.
And from April we will introduce 100% business rates relief for a 5 year period on new fibre infrastructure, supporting further roll out of fibre to homes and businesses.
Cities in Wales will also see the impact of UK government support to unlock their potential, with talks progressing well for a city deal with Swansea, building on the success of the £1.2 billion deal for the Cardiff Capital Region. The UK government will also consider proposals for a growth deal for North Wales.
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