Coronavirus: Taxes will rise to pay for virus, IFS think tank warns

Coronavirus: Taxes will rise to pay for virus, IFS think tank warns

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Taxpayers face a day of reckoning when the government’s massive coronavirus support measures have to be paid off, experts warn.

The Institute of Fiscal Studies think tank says the economy will remain in a “support and recovery” phase for some time, but higher taxes are inevitable.

On Wednesday, the chancellor unveiled another £30bn of support, bringing the total…

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