Claim: Further measures that cut UK corporation tax to 12.5%, matching Ireland, would cost the UK government £120 billion over the next five years.
Fact-check: The cost of cutting corporation tax - Full Fact
Verdict: labour has offered us estimates which suggest the direct effect would be about half that. these estimates aren't complete as they don't account for how companies will react to the change.
Organisation: Full Fact
Author: Richard Braham
Date published: 2017-01-20T00:00:00