UK's Sunak, Hunt Lay Foundation for Tax Hikes

The video discusses the economic strategies of the new Prime Minister Rishi Sunak and his Chancellor, focusing on potential tax cuts and the need for tax rises. Reports from the Institute for Public Policy Research and the Resolution Foundation criticize austerity measures, suggesting tax increases on the wealthiest to address fiscal challenges. The government hints at a shift from previous tax cut policies to implementing tax rises, especially targeting those with the broadest financial capacity.

How are Rishi Sunak and Jeremy Hunt planning to address tax policy moving forward?

What is the significance of the phrase 'those with the broadest shoulders can carry the burden' in the context of tax policy?