December 18, 2019 / 10:59 PM / a month ago

UK PM Johnson plans £12,500 tax break for small businesses: Daily Mail

FILE PHOTO: British Prime Minister Boris Johnson greets newly-elected Conservative MPs at the Houses of Parliament, London, Britain December 16, 2019. Leon Neal/Pool via REUTERS/File Photo

(Reuters) - British Prime Minister Boris Johnson plans to cut down business rates for half a million small businesses in the country, the Daily Mail reported on Wednesday.

The tax break, which will be announced in Johnson's Queen's Speech on Thursday, could be worth 12,500 pounds ($16,037), the newspaper added dailym.ai/36SKI7d.

Reporting by Akshay Balan in Bengaluru; Editing by Maju Samuel

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