Mr Brown's cuts in corporation tax rates have to be set against the other, higher, taxes on business imposed in his first two budgets some already implemented, some yet to hit.

ECONOMIST: Business and competition

But the upside surprises of creativity require a low entropy environment of predictable property rights, taxes and other business laws ultimately based on trust in a moral order.

FORBES: Magazine Article

While there are a variety of methods and data sources, the results consistently point to significant negative effects of taxes on economic growth even after controlling for various other factors such as government spending, business cycle conditions, and monetary policy.

FORBES: Academics Have Spoken, And Obamanomics Is The Path To Slow Growth