UK loses out on £320 million AstraZeneca factory deal as boss slams tax rate

He told reporters gathered at a science facility in central London today that the Government agreed with Sir Pascal’s “fundamental case”.

He said: “We’re disappointed that we lost out this time and we agree with the fundamental case they’re making which is that we need our business taxation to be more competitive and we want to bring business taxes down.

“But the only tax cuts we won’t consider are ones that are funded by borrowing because they’re not a real tax cut.

“They’re just passing on the bill to future generations.”