PwC: extra tax rises needed to narrow UK fiscal gap

Tax rises and public sector efficiency could save the government £20bn over
the next four years, PricewaterhouseCoopers has claimed in a report.

The world’s biggest accounting firm, has outlined proposals to help the UK
government fill a fiscal gap estimated at £43 billion – three per cent of
today’s GDP figure – by 2013/14.

The report says that higher public borrowing is inevitable in the short-term
to lift the UK out of recession, but that the UK’s balance could be repaired by

Aside from improved public sector efficiency, the report calls for
‘significant’ tax increases in 2011 in addition to those set out in the
Pre-Budget Report.

Read the PwC report:

LLP sets out proposals to close £43 billion fiscal gap

Related reading

tax dictionary