Ten Things You Need to Know Today: Monday 31 Aug 2020

1. Chancellor told tax hikes could ‘choke off’ recovery

Rishi Sunak has been warned that tax rises could “choke off” the UK’s recovery from Covid-19, spark an exodus of top talent and cripple the nation’s investment appeal in the wake of Brexit. Business leaders, economists and Tory MPs spoke out as Sunak considered hiking corporation tax from 19 per cent to 24 per cent. They argue that the focus should be on supporting a continued economic recovery.

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