{"id":121081,"date":"2021-09-08T13:36:19","date_gmt":"2021-09-08T13:36:19","guid":{"rendered":"https:\/\/fin2me.com\/?p=121081"},"modified":"2021-09-08T13:36:19","modified_gmt":"2021-09-08T13:36:19","slug":"covid-19-vaccine-rollout-is-a-much-needed-win-for-the-uk","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/covid-19-vaccine-rollout-is-a-much-needed-win-for-the-uk\/","title":{"rendered":"Covid-19 vaccine rollout is a much-needed win for the UK"},"content":{"rendered":"

London (CNN Business)<\/cite>Britain will hike taxes on its biggest companies in 2023 as it begins to repair government finances in the wake of the pandemic, the worst economic slump in more than three centuries and the messy Brexit divorce from its largest trading partner.<\/p>\n

Speaking in parliament on Wednesday, UK finance minister Rishi Sunak pledged another \u00a365 billion ($91 billion) to extend emergency support measures for workers and businesses, while making the case that taxes will need to rise once the economic pain caused by the coronavirus pandemic has eased.
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“Just as it would be irresponsible to withdraw support too soon it would also be irresponsible to allow future borrowing and debt to be left unchecked,” he said, cautioning that rising interest rates could make debt levels unsustainable. <\/p>\n