Major tax rises needed to bring down record debt levels, Sunak told

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Economists say significant changes should be kept back until proper recovery takes hold

Tax increases will be needed across the board for Britain’s highest and lowest earners to bring down record levels of government debt amassed during the coronavirus crisis, leading economists have warned.

Sending a message to the chancellor, Rishi Sunak, as he explores possible options for raising taxes at the autumn budget, experts from four of the country’s leading economic thinktanks said any significant tax changes should not be introduced until a sustainable recovery has taken hold.

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