Chancellor may need raise taxes by £25bn, IFS warns
- The Chancellor may need to raise taxes by £25bn to maintain spending in line with national income, as stated by the Institute for Fiscal Studies .
- The IFS noted that even with Labour's proposed £9bn tax increases, public service budgets would remain precarious.
- Current tax pledges prohibit raising key rates, leaving the budget highly sensitive to judgments from the OBR.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left4Leaning Right5Center4Last UpdatedBias Distribution38% Right
Bias Distribution
- 38% of the sources lean Right
39% Right
L 31%
C 30%
R 39%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage