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Rishi Sunak wants voters to see him as a compassionate chancellor, even when raising taxes

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03.03.2021

Rishi Sunak used his Budget to announce the biggest tax-raising measures since Norman Lamont’s final Budget in 1993. When Lamont did that, he found himself sacked a few months later. However, the early signs for Sunak are more promising.

Despite being the first Chancellor to raise corporation tax since Labour’s Denis Healey did so in 1974, Sunak has won some unlikely praise from Tory MPs known to be in favour of lowering taxes rather than raising them. Steve Baker and Mark Harper, of the Covid Recovery group, were among those to offer cautious praise after the statement.

This is in part down to an effort by the Treasury to lower expectations ahead of the Budget. With tax increases including higher capital gains tax, having been mooted, many MPs were simply relieved it wasn’t the horror show they had feared.

That’s not to say........

© iNews


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