Workers would pay more tax

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Workers would pay more tax to fund recovery More than three quarters of workers would be willing to pay more income tax to cover the cost of the Government's coronavirus rescue package, according to a survey of 2,000 people by stockbroker AJ Bell. The poll saw 77% of respondents say they would be willing to pay higher income tax, potentially in a time-limited “surcharge”. On average, those polled would accept a 3.9% increase in the basic rate, which currently stands at 20%. While 38% would be willing to pay at least 3% more than the existing rate, 23% said they would be unwilling to pay any extra income tax.

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