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Tax hikes could be delayed until Autumn

Borrowing not sustainable

Rishi Sunak’s March Budget will not include tax rises, according to a senior government source, the Times reports. “We’ll be in the midst of a recession and living under severe lockdown restrictions,” the source said. “The mutant strain of the virus has changed our entire perspective on this. It’s too soon.” Meanwhile, the Chancellor has reportedly rejected calls to extend the stamp duty holiday despite warnings that almost a quarter of a million house sales could collapse.

Read more: The Times


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