The overall burden of taxes in the UK is high and must come down, UK PM Boris Johnson said on Thursday in a speech, reported Reuters. The time has come for the government to enact supply-side reforms, he continued, noting that it is time to start cutting taxes and regulations. 

Boris had previously said that the UK's position is better than in the past when the nation has faced economic difficulties and that the UK government has the fiscal firepower to help, and it will.