Britain’s Conservative government said on Wednesday it will raise taxes for businesses in a bid to improve public finances, which have been hit hard during the CCP virus pandemic. Delivering the annual budget in the House of Commons, Chancellor of the Exchequer Rishi Sunak announced that corporation tax will be raised from 19 percent to 25 percent from 2023, by which time he predicted the economy should be past the COVID-19 crisis. Sunak said earlier this week that Britain’s public finances are under “enormous strains” as a result of huge government borrowing during the pandemic. The extra funding required for government schemes to support businesses hit by lockdown measures, combined with reduced tax revenues and a fall in gross domestic product (GDP), have all helped push Britain’s public sector net debt to a new high. “Our economy has shrunk by 10 percent—the largest fall in over 300 years. Our borrowing …