This week in Rishi is already shaping up to be a wild one. Over the weekend, Prime Minister Rishi Sunak gathered cabinet members to discuss the ailing books and finances of the United Kingdom. Now that may seem like ordinary governmental affairs, however, reports out Monday indicate taxpayers are about to foot the bill for what comes next.
According to reports, Sunak ‘s plan that is set to be announced means that taxpayers of all levels across the nation will face higher bills amid a country in turmoil.
The new government is expected to avoid raising the VAT as previously agreed. Broad-based tax increases are believed to be coming, though, many believe millions are about to be broadly cast back into the system under ‘stealth’ means. Multiple parties suggest that Rishi’s government believes that simply soaking the rich and raising taxes will not quite be enough to balance the UK’s finances.
FT has laid bare Rishi ‘s plans and what it means for the UK taxpayer.
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