Are you happy to pay more tax to help pull UK out of recession? POLL

Prime Minister Rishi Sunak has warned that everyone in Britain should expect higher taxes and cuts to public spending in this week’s Autumn Statement to help stabilise the UK economy. But are you happy to pay more tax to help pull the nation out of recession faster? Vote in our poll.While travelling to the G20 summit in Bali, on Sunday evening Mr Sunak told reporters that the Government must take action to avoid market backlash destabilising the economy. He said that the Government has to meet the ‘expectations of international markets’ to restore confidence following former Prime Minister Liz Truss’ economic policies. But added that the package would ‘support the most vulnerable’.Mr Sunak pledged that his Chancellor Jeremy Hunt would share longer-term proposals and fiscal measures to help ‘cut people’s taxes over time’ in his Autumn Statement on Thursday, November 17. The Bank of England has forecast the UK to experience a ‘very challenging’ two-year recession from the end of the year. It is expected to be the longest recession since records began in the 1920s. Early official figures by the Office for National Statistics for the gross domestic product (GDP) show the UK economy contracted by 0.2 percent in the third quarter.Asked if Britain should be prepared for recession, Mr Sunak said that the Autumn Statement would set out the nation’s recovery plan. He said: ‘Part of our job is not just to bring stability back to the system, which we will do, but it’s also to lay the foundations for the economy to recover and grow. Ultimately, that’s what we all want to see. That’s how we’re going to be able to cut people’s taxes over time and support public services. And you’ll hear that side of the equation from the Chancellor as well.’READ MORE: Rishi Sunak says taxes must rise to avoid economic suffering POLL: Are you happy to pay more tax to help pull UK out of recession faster? (Image: Getty) The Bank of England has forecast a ‘very challenging’ two-year recession (Image: Getty)Mr Hunt told Sky News on Sunday that he hoped to make the upcoming recession ‘as short and shallow’ as possible, adding that as households face a spiralling cost of living crisis the Government would be ‘asking everyone for sacrifices’.He is reportedly considering a package that includes £25billion in tax rises and £35billion in cuts to public spending to fill a financial gap of up to £60billion.John Glen, the chief secretary to the Treasury, said that ministers would seek to make savings by ‘rooting out waste’ to make the Government ‘more efficient’.Plans to raise taxes have sparked criticism from within the Conservative Party, with former Secretary of State for Levelling Up, Simon Clarke, arguing that it could damage economic growth.DON’T MISS:Millions of Britons braced for Hunt’s ‘horrible decisions’ [LATEST]Laura Kuenssberg savages Labour’s economic plans [VIDEO]More Brits expected to be put in highest tax bracket [REPORT] Rishi Sunak told reporters that the Government must take action to avoid market backlash (Image: Getty) Jeremy Hunt will deliver his Autumn Statement on Thursday (Image: Getty)He warned that taxation was already ‘at a very high level’ and called for the Government to be ‘extremely careful about further increasing the challenges facing businesses and households’.Deputy of the Treasury, John Glen added that it was ‘outrageous’ for taxpayer’s money to be ‘soaked up by the system when it could be put towards areas that really need it’.Shadow Chancellor Rachel Reeves also warned that the Tories should be investing in public services, writing on Twitter: ‘Instead of heaping the pressure on working people, the Tories should be making fairer choices and putting forward a proper plan for growth.’So what about YOU? Are you happy to pay more tax to help pull the UK out of recession faster? Vote in our poll and leave your thoughts in the comment section below.