Published

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?
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 38% of the sources lean Right
39% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)