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U.K.’s Sunak Says He Can’t Rule Out Further Tax Increases

From bnnbloomberg.ca

U.K. Chancellor of the Exchequer Rishi Sunak said he can’t rule out further tax increases to pay for social care, raising the prospect of further tension within the governing Conservative Party over how the government will foot the bill for its spending plans. The Local Government Association has said council taxes might have to rise because of higher costs for looking after the elderly, disabled and long-term sick. Asked whether he could guarantee there won’t be increases after warnings of a potential jump of 9%, Sunak told Sky News “I wouldn’t, I wouldn’t, I can’t, I can’t.” A local government finance settlement ... (full story)

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