New UK finance minister Zahawi says nothing off table on corporation tax

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British new Chancellor of the Exchequer Nadhim Zahawi arrives for TV interviews, in London, Britain, July 6, 2022. REUTERS/Phil Noble

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LONDON, July 6 (Reuters) - Britain's new finance minister, Nadhim Zahawi, said on Wednesday he would look at everything when considering whether to continue with a planned increase in the corporate tax rate.

Asked about the planned corporation tax rate increase, he told Times Radio: "Nothing's off the table I will look at everything. When boards invest, companies invest, they invest for the long term and they do compare corporation tax rates."

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Reporting by Farouq Suleiman, editing by Elizabeth Piper

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