New call for massive UK tax increase: 'Britain needs extra 6p in the pound to tackle ballooning national debt'

Daily Mail
"Taxes could rise by six pence in the pound over the next 10 years to slash public borrowing, an economic forecaster warned today.Although cuts and a public sector pay clampdown will halve the UK's deficit over the next five years, the National Institute for Economic and Social Research (NIESR) said more action is needed to reduce borrowing to below 3 per cent of GDP by 2020.'We assume it is achieved through income taxes rising by an equivalent of six pence in the pound on the basic rate,' NIESR said.The prediction comes as the three main political parties have come under fresh pressure to explain exactly how they propose to reduce Britain's ballooning public debts."