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Day: August 30, 2020

Tories urge PM to avoid tax rises
Featured, United Kingdom

Tories urge PM to avoid tax rises

    Boris Johnson has been urged by Tory MPs to resist attempts by the Treasury to raise taxes, after a minister refused to rule out hikes in the next Budget. Reports emerged on Sunday that Rishi Sunak, the Chancellor, was considering a £20 billion tax increase in the autumn to deal with the cost of the coronavirus crisis. Tax rises could include corporation tax and capital gains tax, while pension tax relief could be cut, according to newspaper reports. Marcus Fysh, a Tory backbencher, said tax increases would be the wrong response to the coronavirus crisis. Boris Johnson is right to resist them if the Sunday papers have the story right, he said. We need to help the economy not strangle it. These mixed messages are in themselves damaging and must stop. John Redwood,...