An economic think tank analysed the economic impact of raising income tax, corporation tax and value added tax (VAT).

British finance minister Rishi Sunak said on Thursday a government report recommending a hike in capital gains tax to pay for the pandemic was part of a regular, independent review of taxes.

The unexpected strength of tax receipts in Britain may reflect a faster-than-forecast economic recovery from the coronavirus lockdown, the Office for Budget Responsibility fiscal watchdog said on ...