For those of you have doubted the use of the term 'Corporate Welfare' here is some pretty strong proof.... UK corporate tax breaks will likely cost £20bn more than they generate over the next five years (even the Treasury agrees they will cost more)
Lets be clear; the UK state (taxpayers) are subsidising corporations, while also offering policy & fiscal measure intended to 'maintain' their profits.
This is welfare for corporations!
Freeloaders?
#welfare #corporations
https://www.theguardian.com/politics/2024/sep/22/corporate-uk-tax-breaks-to-cost-20bn-more-than-they-generate-study-finds