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Sunak Plans Highest U.K. Taxes Since 1960s to Pay Pandemic Bill

March 3, 2021, 11:01 PM

British finance minister Rishi Sunak will keep spending big to help the economy through the pandemic crisis and intends to raise the U.K. tax burden to its highest level for more than 50 years to begin to pay the bill.

With the country still in the grip of its third national lockdown, the chancellor of the exchequer made clear in his annual budget that saving jobs in the months ahead is his top priority.

He added 65 billion pounds ($90.8 billion) of aid to help companies and citizens cope over the rest of this year and next, taking the government’s ...