U.K. set for $106B tax hike to curb deficit.
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| Title: | U.K. set for $106B tax hike to curb deficit. |
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| Authors: | Andrew Atkinson Bloomberg |
| Source: | Toronto Star (Canada). 02/17/2021. |
| Abstract: | The U.K. could need tax increases of about £60 billion ($106 billion Canadian) if Chancellor of the Exchequer Rishi Sunak wants to balance the books, according to the Institute for Fiscal Studies. The warning sets the tone for the Treasury's budget on March 3, when Sunak is due to outline how he intends to address the ruinous legacy of a pandemic that has driven government borrowing to its highest in peacetime and forced him to deliver 13 emergency statements since he took office a year ago. [ABSTRACT FROM PUBLISHER] |
| Database: | Newspaper Source Plus |
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| Abstract: | The U.K. could need tax increases of about £60 billion ($106 billion Canadian) if Chancellor of the Exchequer Rishi Sunak wants to balance the books, according to the Institute for Fiscal Studies. The warning sets the tone for the Treasury's budget on March 3, when Sunak is due to outline how he intends to address the ruinous legacy of a pandemic that has driven government borrowing to its highest in peacetime and forced him to deliver 13 emergency statements since he took office a year ago. [ABSTRACT FROM PUBLISHER] |
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