Chancellor Rishi Sunak warns UK has taken ‘significant hit’ but vows no tax ‘horror show’ | ITV News

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  • ITV News published this video item, entitled “Chancellor Rishi Sunak warns UK has taken ‘significant hit’ but vows no tax ‘horror show’ | ITV News” – below is their description.

    Chancellor Rishi Sunak has sought to reassure the public that there will be “no horror show on tax rises” but warned that the government “can’t carry on doing exactly what we did this year forever”. Prime Minister Boris Johnson and his chancellor sought to placate the new intake of Tories on Wednesday amid disquiet over a series of government U-turns and concerns that future high taxes could be among the unpopular choices needed for the coronavirus recovery. The PM warned MPs “it’s about to get tougher” as Mr Sunak told them there will not be “a horror show of tax rises with no end in sight”. But both warned there will have to be difficult actions in the short term after a period of unprecedented spending but said their party would be able to overcome them. Asked whether he could assure the public there will be “no horror show” tax rises, Mr Sunak said: “I’ll always be honest with the British people, and what I’d say is our economy has taken a significant hit as a result of the coronavirus.” • Subscribe to ITV News on YouTube: http://bit.ly/2lOHmNj • Get breaking news and more stories at http://www.itv.com/news Follow ITV News on Facebook: https://www.facebook.com/itvnews/ Follow ITV News on Twitter: https://twitter.com/itvnews Follow ITV News on Instagram: https://www.instagram.com/itvnews/

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