United Business Media, publisher of Information Week, said it may relocate back to the UK from Ireland later this year following government proposals to cut Britain's corporate tax rate.

“We are considering later in the year moving back to the UK,” said chief financial officer Robert Gray. British chancellor George Osborne last month indicated in the 2011 budget that he would speed up a cut in the corporate tax rate and plans to amend the tax on the overseas profit of UK firms.

WPP, the world’s largest advertising company, said it was also considering a move back to Britain from Ireland.

– (Reuters)