Chancellor of the Exchequer Rishi Sunak is reportedly considering an increase in the corporation tax rate from 19% to 24% as part of the upcoming budget in order to cover costs resulting from the COVID-19 pandemic, with calls in parliament for an even higher rate of 26%. The Chancellor is also considering changes that would increase taxation on individuals, including increased taxation of capital gains and dividend income, cuts in pension tax relief, and increases in fuel duties.