Speaking at a Foreign Press Association briefing, newly appointed Chief Economic Adviser at the Department of Trade and Industry, Vicky Pryce, revealed that is is becoming increasingly likely that the government will need to increase taxes further in order to meet its spending commitments on public services.
Ms Pryce, who assumes her position with the DTI in August told reporters that: 'The government knows that to be re-elected it must spend a lot on public services. The NHS, education, and transport require so much money they will have to raise taxes,' she predicted.
The Times reported last week that the DTI Cheief Economic Adviser was speaking in a personal capacity rather than on behalf of the government when she described public services as a 'black hole' into which the government was pouring money.
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