Wealth taxes


The House of Commons Treasury Committee held an evidence session on Wednesday 18 November as part of its inquiry into Tax after Coronavirus. The inquiry is examining the tax system following the reconstruction of the economy after the unprecedented economic fallout of the pandemic.

The Budget will present new Chancellor Rishi Sunak with some tough choices. This week the IFS have pointed out that Sunak will have to raise taxes, break the Government’s fiscal rule or entrench austerity.