Rishi Sunak urged to NOT increase taxes to pay for Covid cost – 'Get the economy flying!'
The Chancellor is preparing for next week’s Spring Budget statement, with widespread speculation that he could raise Corporation Tax, as well as suggestions that he may also opt for an increase to VAT. Readers were consequently asked: “Should Rishi Sunak raise taxes to help pay for Covid costs?” – and the answer was clear cut.
Out of a total of 2,145 votes, 1,283 (60 percent) said the Chancellor should find other ways of raising revenue.
Conversely, 834 (29 percent) said no, while just one percent were undecided.
One Express.co.uk reader suggested tax hikes would simply disincentives the British workforce, adding: “No to tax increases, cut ‘em.
“Get the British economy flying then we’ll have much in this land of growth and plenty then let’s recoup the Covid cost.
“Cut CAN inspire greatness and growth from which taxes will flow into the treasury.”
Others suggested the Government would better of targeting inefficiency.
One said: “Billions are wasted through government inefficiency and especially civil servants.
“Stop signing those stupid contracts that hold the taxpayer to ransom….from NHS consumables to over-paying the French to build a nuclear reactor to a British design !!!
“And as for government workers being paid more than the PM……well !! The list is endless!”
Another said: “We should have an annual referendum on government tax and spend plans.
“Just properly tax Amazon, Vodafone and other multi-billion multi-nationals according to existing UK law.”
Other readers felt tax rises were inevitable, sooner or later.
One said: “How else are we going to recoup the billions given away to help those in need (plus those who fiddled some).
“I see no other way if this country has to be run efficiently.
“The rises should be modest, however, as businesses have struggled enough.”
Another added: “Wrong time now, but it’ll have to come eventually.”
Speaking to Express.co.uk yesterday, Tory MP Sir John Redwood said: “No new taxes, no increase in tax rates – it’s a very simple message.
“We all want to get this shockingly large deficit down and in order to get it down, you have to understand why it went up.
“And it went up because we had a collapse in a big area of the economy, because the Government had to take strong action to deal with a health emergency.
“Do I want the tax bills down? Yes because I want not to have to pay people to stay at home – I want them to go to work.
“So everything you do must be to promote recovery.
“Once you understand that the last thing you want is a tax rise or a new tax or a tax hit.”
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