Hotline: Budget may pave the way for a return

Sir Martin Sorrell, the chief executive of WPP, believes that this week's Budget could have paved the way for his marketing, advertising and research group to return to the UK.

WPP relocated its tax base from London to Dublin in September 2008 but, following the Budget, a WPP spokesman said: "On the surface, the budget looks good for us. With corporation tax coming down more than we thought it would, it would appear the Government has delivered on all its promises and is moving in the right direction."