Economic recovery could delay tax rises

Posted on 17 Jan 2014
Share Blog Post
Economic recovery could delay tax rises Christopher Hope reports that Treasury ministers hope that the economy will start to recover by mid-2021, delaying any consideration of significant tax rises until the following year. He says senior ministers want to ensure the worst of the coronavirus pandemic has passed before considering increasing taxes, adding that this realistically pushes any large-scale increases to March 2022 at the earliest. A senior Treasury source told the paper that people would have to wait "a bit longer" than the spring Budget to see whether tax increases are required. Meanwhile, a poll by ORB International for the Sunday Telegraph shows that 38% of people agreed that tax increases should be used to pay for the pandemic, while 31% disagreed and the remaining respondents were unsure.

View more blog posts

Tax system too complex
Posted on 12 Feb 2025
Tax system too complex
read more
UK stifles entrepreneurs
Posted on 05 Feb 2025
UK stifles entrepreneurs
read more
SME confidence plunges
Posted on 28 Jan 2025
SME confidence plunges
read more
Plea to cut taxes
Posted on 22 Jan 2025
Plea to cut taxes
read more
Back To Top
01604 660661