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UK PM Sunak: we can't put taxes up any more

Economy Jan 30, 2023 11:00
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© Reuters. Britain's Prime Minister Rishi Sunak delivers a speech during a Q&A at Teesside University in Darlington, Britian, January 30, 2023. Oli Scarff/Pool via REUTERS

LONDON (Reuters) - Britain should not put taxes up any further, Prime Minister Rishi Sunak said on Monday in response to a question about public sector pay.

The government is facing demands for higher pay from across the public sector, with nurses and teachers among those who have taken strike action as they demand pay rises which better reflect double-digit levels of inflation.

"I don't want to put any of your taxes up," Sunak said in response to a question from a nurse about pay during an event.

"Figuring out how to pay for these things is part of my job and ... where we are with taxes at the moment, we can't put them up anymore, right, and we need to be getting them down. So that's what constrains me on one end."

Britain's budget watchdog has forecast the tax burden is on course to reach 37.1% of GDP in five years' time, its highest sustained level since World War Two, up from 33.1% in the 2019-20 tax year.

 

 

UK PM Sunak: we can't put taxes up any more
 

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Comments (2)
David Hawley
David Hawley Jan 30, 2023 14:28
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It's a play on words. I don't want to put your taxes up. Implying personal tax. He didn't say anything about vat or other duties which in some cases are a tax on tax.
John Bull
John Bull Jan 30, 2023 12:20
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The debt, who's gonna repay it? That's why interest rates were practically nothing for 2 decades. Anyway.
David Hawley
David Hawley Jan 30, 2023 12:20
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it won't be paid for by the bankers bonuses that's for sure. Income from taxes will pay it back
shibo Zheng
shibo Zheng Jan 30, 2023 12:20
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Inflation is also a tac
 
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