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Rishi Sunak has hinted at tax rises in next week’s Budget, saying: “I would like to keep taxes low for people… but I want to deliver our promises to the British people that we will be responsible with their money.”
The chancellor has said his Budget will set out an “honest and fair plan” to start paying down the massive national debt built up in the coronavirus crisis, which has topped £2 trillion for the first time in history.
And he made clear that the belt-tightening to pay for the pandemic will stretch years into the future, telling Sky News’ Sophy Ridge on Sunday: “This is going to take time to fix.”
Labour’s shaodw chancellor Anneliese Dodds accused Mr Sunak of “playing party politics” with the public finances, after reports that he had told Tory MPs he wanted to get tax hikes out of the way now in order to be able to cut them closer to the election expected in 2024.
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