Chancellor may need raise taxes by £25bn, IFS warns

Rachel Reeves told she needs £25 billion tax increases to avoid austerity

Rachel Reeves may need to raise up to £25 billion from tax increases if she wants to keep spending rising with national income, the Institute for…

Chancellor needs to raise taxes by whopping £25BILLION in Autumn Budget

BRITS could be slapped with a £25 billion tax bill if Labour wants to avoid austerity, leading economists have warned.  The Institute for Fiscal Studies has claimed the Chancellor will have to dig deep into taxpayers’ pockets if she wants to keep spending promises without cutting public services. Chancellor Rachel Reeves will deliver her Budget on October 30PA In their annual analysis, they argue even changing the debt rules won’t help, leaving …

The three problems with Rachel Reeves's Budget plans

This is Armchair Economics with Hamish McRae, a subscriber-only newsletter from i. If you’d like to get this direct to your inbox, every single week, you can sign up here. Rules are rules – until you change them. One of the ways in which Rachel Reeves, the Chancellor, is expected to find more money for investment in her Budget on 30 October will be to change the fiscal rules – a concept established by Gordon Brown in 1997, and beefed up by the …

Budget tax rise warning as Reeves needs to find another £25billion

Taxes are already at an historic high and debt is rising

UK may need to hike taxes by 25 billion pounds in Oct. 30 budget, think-tank says

British finance minister Rachel Reeves may need to announce a 25 billion pound ($33 billion) tax rise in her first budget on Oct. 30 to help shore up public services such as prisons and police, the non-partisan Institute for Fiscal Studies said on Thursday.

Chancellor may need to raise taxes by £25bn, IFS warns

Rachel Reeves will present her first budget on 30 October in what Paul Johnson, director of the Institute for Fiscal Studies, said could be "the most consequential since at least 2010".