The UK finance ministry, as well as major private banks and asset management companies, are discussing the possibility of increasing taxes for wealthy citizens, Reuters reported referring to sources.

Besides, the department is considering the possibility of attracting wealthy Britons to allocate funds for state aid packages amid the COVID-19 pandemic.

"Britain’s emergency public spending surge and tax cuts in response to the pandemic are forecast to cost around 133 billion pounds this financial year and lift its budget deficit to wartime levels, the country’s fiscal watchdog has said," the source noted.

The economists interviewed by the agency believe that the government can increase the tax on savings, capital gains tax, VAT or property tax.