German Finance Minister Wolfgang Schäuble reminded Britain that the country was still part of the EU and should not drastically reduce the corporate tax rate. "Until the UK’s exit is complete, Britain will certainly have to fulfil its commitments," he stressed. The Finance Minister said that London undertook such a commitment during G20 summit in the Turkish province of Antalya, in 2015, reports the DW.

Earlier, the British Prime Minister Theresa May said that she was going to fight the economic decline by reducing the corporate tax, which is observed after the referendum on withdrawal of Britain from the EU. According to the earlier governmental program, the level of tax rate should reach the lowest rate of G20 countries by 2020: from 20% to 17%.

At the same time, a number of media outlets report, that May considers the option of reducing the corporate tax to 15 percent, if the new elected US president Donald Trump comes to an appropriate resolution. Despite the concerns, the atmosphere of mistrust after the Brexit has not yet had a negative impact on the country’s economy. The UK GDP for July-September even grew by 0.5 percent, reports ONS Statistical Office.