Taxes will have to rise unless officials are given new powers to raid people's bank accounts, David Cameron has said.
The Treasury select committee warned that allowing HM Revenue and Customs to remove cash from bank accounts without court orders is "very concerning" because of its history of mistakes.
Mr. Cameron yesterday claimed that the alternative was to "put up taxes". He told Sky News: "We have a choice here. If we don't collect taxes properly and make sure people pay their taxes properly we look at the problems of having to raise tax rates. I don't want to do that, so I support the changes the Chancellor set out in the Budget which is to really say that not paying your taxes is not acceptable."
Editor’s Note: According to Judge Andrew Napolitano: “People who have more than $100,000 in the bank are targets for any government that’s looking for money to shore up its own inability to manage its finances.” The way you protect yourself is by placing your savings in an offshore bank, which is outside the immediate reach of your insolvent home government (see more here).