LONDON: Treasury officials in Britain are pushing for tax hikes to plug holes blown in public finances by the COVID-19 pandemic, two leading ...
LONDON: Treasury officials in Britain are pushing for tax hikes to plug holes blown in public finances by the COVID-19 pandemic, two leading British newspapers said.
In its budget, the government also plans to raise both capital gains tax and corporation tax, the Sunday Times added. Britain's economic recovery from the shock of the pandemic has gathered pace, data showed this month, but government borrowing has exceeded £2 trillion and fears of future job losses are mounting.
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