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Union warns against cut in corporate tax Warning against weakening the financial watchdog

THE TUC has weighed into the debate over the lowering of UK corporation tax and has now cast doubt on whether Scotland should be granted the right to set its own.

A report, published by the TUC today, claims that lowering corporate tax does not stimulate national economies, but merely reduces government coffers and fails to create jobs.

The contention flies in the face of those who support fiscal autonomy for Scotland and, by extension, attacks one the key tenants in the economic argument for Scottish independence.