Thursday, May 14, 2020

Gonna happen here too?----- Britons face pay freezes and tax rises to cover 300bn bill for coronavirus | Daily Mail Online

Britons face pay freezes and tax rises to cover 300bn bill for coronavirus | Daily Mail Online
Who's going to pay for all this? 
Image result for tax increasesRishi Sunak refuses to rule out pay freezes and tax hikes to cover £300bn coronavirus bill - amid fears a third of firms will NEVER reopen and a tsunami of job losses after furloughs end
  • Document for the Chancellor sets out proposed wide-ranging tax increases and spending cuts
  • GDP plunged 5.8 per cent in March alone - the largest monthly fall since records began in 1997
  • Would mean that much of attempts to recoup cash would have to come through tax increases  
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