Chancellor launches raid on household incomes and company profits in Tory U-turnRishi Sunak has announced the highest tax increases since Norman Lamont 28 years ago,with a £65bn raid on household incomes and company profits.
In a budget that reversed more than a decade of tax cuts by successive Tory governments and was even tougher than George Osborne’s post 2010-election austerity package, the chancellor announced tough action to reduce government borrowing. Related: Rishi Sunak's budget brings first corporation tax rise since 1974 Continue reading...
Source: theguardian.com