UK treasury officials pushing for tax hikes to offset Covid impact: Report

Topics Britain | UK | tax hikes


Treasury officials in Britain are pushing for tax hikes to plug holes blown in public finances by the coronavirus pandemic, two leading British newspapers said. Such hikes will enable the exchequer to raise at least 20 billion pounds ($26.

70 billion) a year, and some could be introduced in the November budget, the Sunday Telegraph said. The Sunday Times newspaper said officials were drawing up plans for a 30-billion-pound "tax raid" on the wealthy, businesses, pensions and foreign aid. In its budget, the government also.....

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