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UK Prime Minister Rishi Sunak and Chancellor of the Exchequer Jeremy Hunt are taking no tax options off the table as they consider how to plug the hole in the UK’s budget, the premier’s spokesman, Max Blain, told reporters on Thursday.
Hunt is preparing to give an Autumn Statement on November 17 after delaying it from October 31, 2022 and has pledged to get the public finances back onto a sustainable footing, a task that in his words will involve “decisions of eye-watering difficulty” on tax and spending.
Asked about a potential expansion of a windfall tax on energy companies, and the possible imposition of a similar levy on banks, Blain declined to comment on specific measures, saying announcements on tax are for a fiscal event, such as the Autumn Statement.– Bloomberg
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