Sunak will use budget for 'substantive' post-Brexit tax reform, ministers told

LONDON - British finance minister Rishi Sunak will use his budget statement to parliament later on Wednesday to start tax reform following Britain's departure from the European Union, the government said.

"He stated that this Budget prepares for a new economy post-COVID and is a Budget that will take the opportunities leaving the EU has afforded us to deliver substantive reform of our tax system," the government said in a statement.

Sunak made the remarks to Prime Minister Boris Johnson at a meeting of cabinet ministers on Wednesday.