REVENGE IS A DISH BEST SERVED COLD: UK could slash corporation tax to 10 percent if EU blocks Brexit trade deal.

“People say we have not got any cards,” the newspaper quoted an unidentified source familiar with the British government’s thinking as saying.

“We have some quite good cards we can play if they start getting difficult with us. If they’re saying no passporting and high trade tariffs we can cut corporation tax to 10 percent,” the newspaper quoted an anonymous source as saying,” the source was quoted as saying.

Cutting corporation tax could attract companies away from the EU to Britain, boosting its economy and challenging Ireland’s preeminence as Europe’s low tax home for large international companies.

Just think of Brexit as a contested divorce between a rich old couple with no prenup.