Ten Things You Need to Know Today: Thursday 3 Sep 2020

1. Johnson and Sunak play down tax rise plans

Boris Johnson and Rishi Sunak have pledged to avoid raising taxes, amid rising discontent among Tory MPs. In briefings with “red wall” Tories, the pair said they believed in a “dynamic low-tax economy” and vowed that there would not be “a horror show of tax rises with no end in sight”. The promise came after reports that the Treasury was planning significant hikes in corporation and capital gains tax.

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