Opinion

Dealing with the debt: big tax rises are not the answer right now

Tax rises can’t do much to reduce the two-trillion-pound hole in our public finances. And the economy is too fragile for a tax grab now anyway. So where is the money going to come from? asks Merryn Somerset Webb.

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by: Merryn Somerset Webb

7 Sep 2020

Rishi Sunak: now may not be the time for a big raid on taxes

Rishi Sunak and Boris Johnson ©

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Dealing with the debt: big tax rises are not the answer right now

Tax rises can’t do much to reduce the two-trillion-pound hole in our public finances. And the economy is too fragile for a tax grab now anyway. So where is the money going to come from? asks Merryn Somerset Webb.

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Dealing with the debt: big tax rises are not the answer right now

Tax rises can’t do much to reduce the two-trillion-pound hole in our public finances. And the economy is too fragile for a tax grab now anyway. So where is the money going to come from? asks Merryn Somerset Webb.

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