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

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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

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