Thérèse Coffey instead calls for tax cuts as speculation grows of campaign to undermine chancellor
A cabinet minister has warned the Treasury against increasing taxes to tackle a gap in public finances hit by coronavirus, bringing into the open apparent tension within government over the issue before this autumn’s budget.
After several days of reports about apparent plans to raise more money from corporation tax, pension relief, fuel duty and other levies generating an angry response from some Conservative MPs, the work and pensions secretary, Thérèse Coffey, called instead for tax cuts.
Related: Tories warn Rishi Sunak amid Covid tax hike rumours
Continue reading…Thérèse Coffey instead calls for tax cuts as speculation grows of campaign to undermine chancellorCoronavirus – latest updatesSee all our coronavirus coverageA cabinet minister has warned the Treasury against increasing taxes to tackle a gap in public finances hit by coronavirus, bringing into the open apparent tension within government over the issue before this autumn’s budget.After several days of reports about apparent plans to raise more money from corporation tax, pension relief, fuel duty and other levies generating an angry response from some Conservative MPs, the work and pensions secretary, Thérèse Coffey, called instead for tax cuts. Related: Tories warn Rishi Sunak amid Covid tax hike rumours Continue reading…