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    Rishi Sunak preparing years of tax rises to plug £50bn fiscal black hole

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    By News Desk on October 31, 2022 News Briefing, UK News
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    PM set to hike taxes across the board to repair nation’s finances after Liz Truss’s disastrous mini-budget

    Rishi Sunak is preparing years of tax rises for Britain in an effort to make up for a £50bn fiscal hole left by Liz Truss’s disastrous tenure in Downing Street, according to a Treasury insider.

    After a meeting between the prime minister and Jeremy Hunt on Monday to plan the upcoming autumn statement, a Treasury source said things were going to get “rough”.

    Continue reading…

    ​PM set to hike taxes across the board to repair nation’s finances after Liz Truss’s disastrous mini-budgetRishi Sunak is preparing years of tax rises for Britain in an effort to make up for a £50bn fiscal hole left by Liz Truss’s disastrous tenure in Downing Street, according to a Treasury insider.After a meeting between the prime minister and Jeremy Hunt on Monday to plan the upcoming autumn statement, a Treasury source said things were going to get “rough”. Continue reading… 

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