Economics
Johnson to Set Out $14 Billion Tax Hike to Fund Social Care
- Premier to make statement Tuesday, followed by news conference
- Tory rebellion builds over increasing tax to pay for reform
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U.K. Prime Minister Boris Johnson will announce his long-awaited plan to reform social care on Tuesday, risking a major row with his own party over a potential tax rise that could hit young people hardest.
The government is likely to confirm plans to go ahead with a 10 billion-pound ($14 billion) tax increase -- despite pledging not to in the Conservative Party’s 2019 election manifesto.