“They are on kind of full lockdown mode in the Treasury … bringing what John Healey describes as military levels of compartmentalisation into the process, so only people that need to know, know.”
Driven by global economic pressures and increased defence spending, tax increases are widely expected in the October budget, but the treasury is operating a strict “need-to-know” system to avoid political backlash, says Steven Swinford, political editor for The Times.
Steven Swinford and Terry Stiastny were speaking to Kate McCann and Calum Macdonald on Times Radio Breakfast. Listen live every Monday-Thursday from 6-10am.
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