“ But senior government sources say that, if the coronavirus vaccination programme remains on track, the chancellor will also begin to plug the yawning deficit in the public finances.
Corporation tax will be the first to rise. Sunak regards it as the fairest way to begin raising significant sums, because it targets business profits rather than people and firms who have been plunged into the red.
A senior Whitehall source said: “Things would have to go pretty badly wrong for us not to begin some consolidation in the budget.” This is understood to be code for beginning to raise taxes.”
Rishi Sunak eyes tax rises in March budget | News | The Sunday Times
Corporation tax will be the first to rise. Sunak regards it as the fairest way to begin raising significant sums, because it targets business profits rather than people and firms who have been plunged into the red.
A senior Whitehall source said: “Things would have to go pretty badly wrong for us not to begin some consolidation in the budget.” This is understood to be code for beginning to raise taxes.”
Rishi Sunak eyes tax rises in March budget | News | The Sunday Times
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