Rishi Sunak Stephen Reicher Britain Scotland pandemic economy Government Coronavirus Rishi Sunak Stephen Reicher Britain Scotland

Scottish Government adviser backs 70 per cent tax rate to aid fight against coronavirus

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An advisor to the Scottish Government on coronavirus has backed a 70 per cent tax rate to cope with the pandemic.Professor Stephen Reicher said he was not suggesting World War Two levels of tax, but claimed a much higher rate than at present would be “fine”.Official figures showed the UK economy shrank by 2 per cent in the first quarter of 2020 - the biggest fall in GDP since the 2008 financial crisis.Treasury documents revealed the UK Government may have to hike income tax and freeze public sector pay to address the deficit caused by the virus.Chancellor Rishi Sunak said yesterday it was “very likely” the UK economy will face a “significant recession” this year.Get all the top Scottish politics news sent straight to your Inbox by signing

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