Sunak promises ‘fair’ plan to plug hole in UK finances ...Qatar

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Chancellor of the Exchequer Rishi Sunak promised he will be “honest” with the British public, signalling potential tax rises ahead to fill the gaping hole in the UK finances wrought by the pandemic. “We do have a challenge in our public finances and if we don’t do anything, borrowing will continue to be at very high levels even after we’ve recovered from Covid; debt will continue to rise indefinitely,” Sunak said yesterday in a Sky News interview. “That’s not a good situation.” Speaking before Wednesday’s budget release, he said he will “level with” the public and outline a blueprint to address the deficit in a “fair” way. The chancellor’s comments hint at tax rises and spending cuts to clo

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Last updated : 28 February 2021 clock 09:45 PM

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Sunak promises ‘fair’ plan to plug hole in UK finances ...Qatar

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