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Rishi Sunak’s tax troubles, Financial innovation and central banks
Wednesday 4 March 2020 Vol.11 Ed.10.2
Commentary: Rishi Sunak’s tax troubles
By Meghnad Desai in London
Rishi Sunak, the UK’s surprise new chancellor of the exchequer, has been appointed at an opportune time. Fortunately for him, he has become chancellor when the government is safe with a large majority. Yet there still are challenges ahead for the 39-year-old. One of those relates to tax. Conservative party chancellors tend to reduce taxes. But Sunak could raise the duty on fuel, frozen for the past decade, and allow for a hike in council tax, still levied based on 1991 house prices.
Read the full commentary on the website.
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