Correspondent in London
Boris Johnson must carefully handle another potential bomb, that of a possible tax hike.
The British press ignited this weekend after the mention of government plans on the fiscal front.
Even the
very conservative
Sunday Telegraph
expressed alarm at a tax increase that could be
"the biggest in a generation
.
"
Read also:
Popularity, Brexit, Covid: Boris Johnson's bad luck
To pay the bill for the pandemic, the Treasury was working on raising 30 billion pounds of additional taxes.
The targets would be the richest as well as businesses, pensions or second homes.
At the heart of these budget measures, which will be announced in November, are higher corporate and capital gains taxes.
Chancellor of the Exchequer Rishi Sunak is said to consider lowering corporate tax from 19% to 24%, a measure that would bring in 12 billion from 2021 but would weigh on businesses.
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