Tax rises are no longer taboo in the UK. The party that grasps this could reap huge rewards - News Summed Up

Tax rises are no longer taboo in the UK. The party that grasps this could reap huge rewards


This applies just as much in the “red wall” seats of the north of England and the Midlands as elsewhere. In December 2009, a YouGov poll showed that 52% of people preferred spending cuts to tackle the deficit over tax rises, with the latter being the choice of 30%. In 2020, the picture has reversed: only 27% opted for spending cuts, 47% for tax rises. Polling now shows support for changes to capital gains tax, and an increase to corporation tax. There is a difference between permission for tax rises and a public clamouring to have more of their money taken by the state.


Source: The Guardian February 25, 2021 13:00 UTC



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