The U.K. government could increase taxes at the autumn budget to meeting growing spending requirements, UBS Global Research economists say in a note. The government needs funds to finance defense projects, energy support programs, and any additional investment projects, the economists says. There is a risk that the new U.K. leader could drop the Labour party promise to not increase income tax, VAT or corporation tax, they say. (miriam.mukuru@wsj.com)
Dow Jones Newswires
U.K. Could Raise Taxes as Spending Pressures Intensify — Market Talk
The U.K. government could increase taxes at the autumn budget to meeting growing spending requirements, UBS Global Research economists say in a note. The government needs funds to finance defense projects, energy support programs, and any additional investment projects, the economists says. There i…