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But why limit your axe merely to reducing corporation tax?
George Osborne deserves a cheer for reducing corporation tax, halting the fuel duty rise and knocking a penny off beer.
"One of the main reasons I signed this letter was that reducing corporation tax to 20% is one of the best things that the government has done.
Reducing corporation tax as planned will be welcome, but many businesses would prefer some certainty on the government's post-Brexit migration policy.
Reducing corporation tax and deregulating the labour market can make Britain an easier place to conduct business, and he is doing a little of both.
Mr Osborne announced further cuts to benefits, but he surprised markets by reducing corporation tax by one percentage point, to 21%.
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The first significant blow to law's opacity came about 25 years ago, when Ben Heineman, fresh from serving as a general partner of Sidley & Austin, responded to Jack Welch's call to come to General Electric and essentially invent the modern corporate law function, greatly reducing corporations' reliance on law firms.
We could reduce corporation tax to 10percentnt.
At a cost to the Exchequer of £2.7bn, George Osborne intends to reduce corporation tax from 28p to 24p over four years.
Depending on the rate, it could also be used to abolish council tax and reduce corporation tax.
Among them is a commitment to reduce corporation tax to 23% by April 2014 and exempting UK resident companies from corporation tax on all profits for their foreign branches.
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