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Budget 'aims to help companies compete and boost economic growth'

The chancellor said he wanted the world to know that Britain was open for business.

In his budget he laid out a series of measures to help companies to compete and boost economic growth.

Corporation tax will be cut by 2% in April, not 1% as previously planned.

There will be a simplification of the tax system and the chancellor also said he was cutting red tape to ease the burden on businesses.

Hugh Pym reports.

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