Sunak considers ‘sweeping tax hikes to plug UK COVID-19 hole’

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Mon, 2020-08-31 01:06

LONDON: British Finance Minister Rishi Sunak is considering a sweeping set of tax increases to help fix the huge hole in the public finances left by the coronavirus pandemic, two newspapers said.

Tax hikes suggested by Treasury officials could raise an extra £20-30 billion a year, the Telegraph and the Sunday Times reported, and some of them could be announced in an autumn budget statement by Sunak.

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