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U.K. Is Among First Western Nations to Increase Taxes to Cover Covid-19 Costs


British Prime Minister Boris Johnson Tuesday announced tax increases to support the country’s state-funded National Health Service as it struggles to manage a backlog of millions of patients in the wake of the Covid-19 pandemic. With the announcement, Mr. Johnson is renouncing an election pledge not to raise payroll taxes, a move that sparked criticism from within his own Conservative Party and underscored the pressure the pandemic has put on governments to find funding for social services stretched by Covid-19 and aging populations.

The Wall Street Journal - September 7, 2021

View the full story here: https://www.wsj.com/articles/u-k-is-among-first-western-nations-to-increase-taxes-to-cover-covid-19costs-11631033953