Britain’s tax burden will rise to its highest level for over 50 years after the chancellor announced significant tax hikes to deal with the consequences of the pandemic.
Delivering the annual budget in the House of Commons on March 3, Rishi Sunak, the chancellor of the Exchequer, said that corporation tax will be raised to 25 percent from 19 percent from 2023, by which time he predicted the economy should be past the COVID-19 crisis.
