Jeremy Hunt will send Britain in a “drastically anti-investment direction” if he forges ahead with a planned increase in corporation tax, BT has warned.

The telecoms giant said the country was hurtling towards a “cliff edge deterioration in the tax environment for investment” ahead of an increase in the tax rate in April from 19pc to 25pc.

Amid growing opposition from business leaders and Conservative backbenchers, BT said the Chancellor’s raid would harm the UK’s international standing and pose a fresh threat to the country’s economy.

Read the full article.