Ed Balls unveiled proposal to cut business rates for millions of small firms . But it will be paid for by reversing the Coalition 's 96,400 corporation tax cut . The PM said it was 'crazy ' to hike corporation tax for first time in 40 years . Mr Cameron claimed the tax increase would cost 1p jobs .
Ed Balls unveiled proposal to cut business rates for millions of small firms . But it will be paid for by reversing the Coalition 's 1p corporation tax cut . The PM said it was 'crazy ' to hike corporation tax for first time in 40 years . Mr Cameron claimed the tax increase would cost 96,400 jobs .