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FT report that UK PM Johnson’s 3-year spending master plan to be ditched

  
  Analysis
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Financial Times say that UK Chancellor Sunak has told the PM that current plans should not go ahead due to the chaos of Covid-19.

A decision to scrap the three-year review in favour of a stopgap single-year settlement would be a setback for Mr Johnson, who saw the event as a chance to map out his priorities for a post-Covid world.
Johnson and Sunak have been discussing whether anything can be salvaged from binned plan.
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Brexit trade talks appear to be floundering. Coronavirus outbreak infections surging. Lockdown accelerating, and resisted.  Not a lot of good UK news about at present.

Sunday Times reports the UK “plans for a £30bn tax raid on the wealthy”

  
  Analysis
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Monday 31 August 2020 is a holiday in the UK, a good time for getting this sort of bad news dribbling out.

UK press with the report,
  • Chancellor Rishi Sunak has his Treasury officials drawing up plans for a £30bn tax raid on the wealthy, businesses, pensions and foreign aid
  • proposals would be part of the budget in November
  • planning to raise capital gains tax
  • and corporation tax (from 19% to 24%)

UK Times link is here (may be gated).

ps. Reuters report here is ungated

Monday 31 August 2020 is a holiday in the UK, a good time for getting this sort of bad news dribbling out.
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