Rishi Sunak refuses to rule out tax rises to pay for coronavirus spending | LBC
July 9, 2020
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11:22Now PlayingRishi Sunak refuses to rule out tax rises to pay for coronavirus spending | LBC
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as posted by the channelRishi Sunak has refused to rule out tax rises in the future to pay for his spending to combat the effects of coronavirus.
Rishi Sunak announced a mini-budget yesterday, including bonuses to keep furloughed staff in work and a stamp duty holiday.
The Chancellor says it's too early to predict how long it will take for the UK to recover from the pandemic. But he refused to rule out future tax rises to pay for the stimulus.
Asked whether tax rises would be necessary to help pay for that, he said: “You’re right, of course we need to make sure we have sustainable public finances.
“I think I would differentiate between the things we do this year that are one-off and time limited to help, in the first instance, protect people’s jobs, but also protect the long-term damage on our economy."
#NickFerrari #RishiSunak #LBC
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