Tax hikes could be delayed until Autumn
Rishi Sunak’s March Budget will not include tax rises, according to a senior government source, the Times reports. “We’ll be in the midst of a recession and living under severe lockdown restrictions,” the source said. “The mutant strain of the virus has changed our entire perspective on this. It’s too soon.” Meanwhile, the Chancellor has reportedly rejected calls to extend the stamp duty holiday despite warnings that almost a quarter of a million house sales could collapse. This will be a major relief for hard pressed motorsport businesses who are striggling to cope with the economic impact of the three national lockdowns.