UK’s Sunak says cutting taxes is now his mission

Economy1 hour ago (Oct 27, 2021 19:25)

© Reuters. FILE PHOTO: Britain’s Chancellor of the Exchequer Rishi Sunak arrives at Broadcasting House to take part in an interview on BBC’s ‘The Andrew Marr Show’, in London, Britain, October 24, 2021. REUTERS/Peter Nicholls

LONDON (Reuters) – British finance minister Rishi Sunak said he had to raise taxes to help pay for his huge spending response to the coronavirus crisis but going forward he wanted to cut taxes.

“My mission over the rest of this parliament is for taxes to be going down by the end, not up. That’s what I want to deliver,” Sunak said during an online discussion organised by his Conservative Party.

Sunak earlier on Wednesday delivered a budget statement to parliament. Britain’s budget forecasters said the state’s tax take was on course to be its biggest since the 1950s, thanks to big tax hikes announced in March and September.

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