Treasury considers tax hikes and pay freezes to cover Covid-19 costs

Britain’s budget deficit expected to hit £337bn this year after spending surge

Raising taxes or imposing a public sector wage freeze are among the options on the table to pay for a government borrowing boom during the coronavirus pandemic, according to a leaked Treasury document.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

The Guardian /  🏆 84. in UK

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese Super League side Tianjin Tianhai fold amid Covid-19 uncertaintyTianjin Tianhai, who once had Fabio Cannavaro as manager and signed Axel Witsel and Alexandre Pato, have declared bankruptcy
Read more »

Surgeon beat Covid-19 with help of trial drug in just three daysAN NHS A&E hero doctor has shared her terrifying experience in beating off coronavirus just as she thought it would kill her. After days of feeling “like she was drowning” Dr Gerald…
Read more »

Coronavirus: Care homes faced funding cut if they didn't take in COVID-19 patientsSky News has seen letters which show local authorities threatened to withhold so-called uplift payments during the outbreak.
Read more »

Government’s handling of Covid-19 is a very British disaster'Claims by Downing Street and Public Health England that they ‘got it right’ cannot be allowed to stand' | Ambrose Evans- Pritchard
Read more »