David Gauke

Income Taxinews.co.uk

David Gauke: Raising corporation tax will make the UK even more unattractive to businesses

In terms of pure politics, this looks like an accomplished Budget from Rishi Sunak. By briefing that he was imminently going to be ramping up taxes, he provoked a debate on the timing of increases. By sensibly delaying these measures taking effect for some time, the pre-Budget criticism he was receiving missed the target and he could proceed with what he always planned to do – short term support but, once the recovery is well-established, higher taxes in order to stabilise debt levels.
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