Simon Walker
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Calls for lower corporation tax

A plan to improve the UK's economic outlook has been published by the Institute of Directors (IoD).

Its Route Back to Growth report outlines 15 proposals which it says "could make the UK one of the most competitive advanced economies in the world by 2020-25".

The proposals include a second round of quantitative easing by the Bank of England.

The IoD also wants to see the top rate of income tax cut from 50% to 40%.

Simon Walker is the new Director General of The Institute of Directors and he told the BBC he would also like to see corporation tax lowered.