All of the papers are making it clear that taxes will need to rise to fund the government’s spending. On top of this, borrowing has become more expensive for the government. Fuel bills are going up; mortgage rates are increasing, so anyone buying a house or remortgaging is going to have to find additional money.
What are they going to tax? Income tax, VAT and NI increases will be unpalatable, so what’s left? Corporate tax? Increase on alcohol, capital gains tax etc?
Thy will raise pennies. What are your thoughts?