UK tells Rishi Sunak now is not the time to raise taxes

London — Investors, economists and legislators in Britain’s ruling Conservative Party are sending Rishi Sunak a simple message: now is not the time for major tax rises. In August, the chancellor warned he will need to take “difficult decisions” to return the country to a sustainable fiscal footing after the coronavirus — but signs are he won’t need to take them in his budget this autumn. With the pandemic dragging on, his priority will be to avoid choking any recovery from the country’s deepest recession in at least a century. “This is not a time, even for someone like me, for raw ideology: at the moment, what we need to do is bear with having much higher debt,” said Steve Baker, a...