Bloomberg Tax
Oct. 18, 2021, 10:00 PM

Johnson Hints at Future Tax Cut as Burden on U.K. Business Rises

Alex Morales
Alex Morales
Bloomberg News

Prime Minister Boris Johnson hinted at future tax cuts for U.K. business even as his finance minister prepares to make historic rises over the next two years.

“You can take it that Rishi Sunak, as indeed am I, is a staunch, low-tax Conservative, and he believes in an enterprise economy,” Johnson said Monday in a television interview with Bloomberg Editor-in-Chief John Micklethwait.

WATCH: Johnson discusses the U.K.’s efforts to attract foreign investment, relations with China, and his priorities at the COP26 climate talks. He also talks about the factors behind the decision to raise the corporate tax rate in 2023, and Brexit’s impact on the nation’s financial sector.
(Source: Bloomberg)

The evidence for now is to the contrary. Johnson’s Conservative government is set to raise the tax burden as a portion of national income to 35%, which the Institute for Fiscal Studies says will be ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.