No wealth tax raid as UK households save £140bn over pandemic, says Sunak

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UK households have tucked away about £140bn over the past year and £100bn is sitting on corporate balance sheets, UK chancellor Rishi Sunak told the Wall Street Journal's CEO Council Summit on 4 May. Sunak also said wealthy families will escape a post-pandemic tax raid earmarked to boost the economy, while praising the UK's already "very progressive tax system". He added that confidence among both households and businesses had rebounded to pre-crisis levels, with activity is picking up ...

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