Tax increase: Will taxes rise following coronavirus – ‘tough choices’ | Personal Finance | Finance


Mr Sunak said: “I say this clearly to any journalist I speak to, any colleague – I’m going to give the same answer, which is I’m just not going to comment on future fiscal policy and people should not then infer, ‘Ah, you didn’t rule this out or you do rule this in’.

“We, of course, look at everything all the time, that’s what we do.

“In terms of what does that mean for spending and taxes, those are decisions that will have to wait until we get to Budgets but there are tough choices ahead, that is clear.

“We have an ambition to deliver upon our priorities and the promises we made, we’ve been through hopefully this once-in-a-lifetime episode, it has had an enormous impact on our economy, on jobs, our public finances and that means there are tough choices to come.

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