“ Rishi Sunak is expected to shelve plans for tax rises in his March budget amid mounting concerns about the “colossal” scale of the economic fallout from coronavirus.
However, a senior government source said that it was the “wrong time” for tax rises and they were likely to be shelved until the autumn at the earliest. “We’ll be in the midst of a recession and living under severe lockdown restrictions,” the source said. “The mutant strain of the virus has changed our entire perspective on this. It’s too soon.”
Rishi Sunak looking to delay tax rises and end the stamp duty holiday | News | The Times
Bad news - tax increases will have to be even larger!
However, a senior government source said that it was the “wrong time” for tax rises and they were likely to be shelved until the autumn at the earliest. “We’ll be in the midst of a recession and living under severe lockdown restrictions,” the source said. “The mutant strain of the virus has changed our entire perspective on this. It’s too soon.”
Rishi Sunak looking to delay tax rises and end the stamp duty holiday | News | The Times
Bad news - tax increases will have to be even larger!
