taxe burden highest since s guess when sunak plans to cut taxe -- chancellor rishi sunak has issued a fresh signal of his determination to cut taxe ahead of the next general election amid concern among tory mps at the rising burden on the taxepayer -- mr sunak has ordered treasury officials to review options for reducing the taxe burden which is set to rise to its highest level for years the times reported that the measures could include a p cut in the basic rate of income taxe and slashing the rate of vat possible to scrap the p higher rate of income taxe and to raise the threshold at which inheritance taxe becomes payable -- a treasury spokesman said “we keep the taxe system under constant review and as the chancellor made clear at the budget by the end of this parliament we want taxe to going down not up “we do not comment on speculation about specific taxe changes”