taxe rises may not needed to pay for covid crisis says treasury minister -- treasury minister jesse norman has said “it is not absolutely obvious” that taxe will need to raised in the uk providing the economy recovers following coronavirus -- norman said he had been “struck by remarks” made by “experts” about potential taxe hikes “paul johnson [of the institute for fiscal studies] said he wasne absolutely sure that taxe needed to rise and i think thate s quite an interesting external view” he told mps -- the treasury is also reportedly looking at abolishing stamp duty and council taxe to “level up britain” at some point later this year implementing a national property taxe in its place a senior whitehall source told the times that chancellor rishi sunak saw corporation taxe as the most reasonable way to raise revenues because only uk businesses who have made profits would hit -- mr norman was asked several times to signal whether taxe rises would included in marche s budget but declined to comment although he did suggest it could a logistical nightmare to revalue residential properties under council taxe reforms saying such a process “would an enormous job” “council taxe is just one form of property taxe but it is certainly a matter we keep under review and is a topic of increasingly live -- taxe rises may not needed to pay for covid crisis says minister taxe rises may not needed to pay for covid crisis says minister