Taxes To Rise 12p On The Pound
Taxes may rise by 12p on the pound for the next 50 years according to a new report by the Office for Budget Responsibility (OBR).
The report found that Britian's 60% debt level would have to come down to 40% of national income.
The OBR said,"The Government is likely to have to tax more or spend less elsewhere to keep the public finances on a sustainable path."
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