The Irish economy was carefully constructed around the 12.5% rate for decades -- the UK is foolish if it thinks this new 15% rate will work for it and can just

The Irish economy was carefully constructed around the 12.5% rate for decades -- the UK is foolish if it thinks this new 15% rate will work for it and can just copy it to emulate the success Ireland has seen from its own rate. The low rate works if you're a small economy with access to a much larger economy. With Brexit looming and given the size of the UK it doesn't fit either of these important criteria for the strategy to work. I think Osborne lowered the rate the prevent an exodus of companies from the UK more than attract others to it.