UK to Raise Taxes to Pay For ‘Response’ to COVID False Flag

power trip

Top economists have warned that the UK will likely face “substantial” tax increases in the coming years, as the government seeks to pay for the cost of its COVID-19 response and public services.

Leading economists told parliament’s Treasury Select Committee on Tuesday that tax rises were likely, although they said increases would likely not happen for a few years.

Paul Johnson, a director at the Institute for Fiscal Studies (IFS) think tank, said it was “probably true” taxes would have to rise.

“If you are looking to raise taxes, the likelihood is it’s going to have to be a fairly substantial increase,” Johnson said, suggesting the government could seek to raise around 2% of GDP.

Yahoo UK

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s