David Gauke: Tax rise must pay for Covid-19

Former Treasury minister expresses his party’s anxiety over UK’s rising pandemic bill Coronavirus – latest updatesSee all our coronavirus coverageThe chancellor, Rishi Sunak, will have to order steep tax rises or another brutal round of spending cuts to plug a £40bn gap in the public finances caused by emergency spending during the Covid-19 crisis, the former Tory Treasury minister David Gauke says today.The warning of painful income tax and VAT rises from a respected figure with seven years of ministerial experience at the Treasury comes amid growing anxiety in sections of the Conservative party about the ballooning deficit and spiralling debt burden. Continue reading... https://www.theguardian.com/uk-news/2020/jul/11/david-gauke-tax-rise-must-pay-for-covid-19 #uk_news #rishi_sunak #david_gauke #coronavirus_outbreak #conservatives #tax_and_spending