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Inflation set to wipe out billions promised for public services, think tank warns

Summary by Ground News
The high rate of inflation will wipe out a significant chunk of planned real-terms spending rises for public services, according to the Institute for Fiscal Studies.
2 months ago·London, United Kingdom

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The IndependentThe Independent

Inflation could wipe out billions pledged for public services, warn experts

The Government’s spending plans are ‘considerably less generous’ than originally intended last autumn, a think tank has warned.

2 months ago·London, United Kingdom
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The TelegraphThe Telegraph

Households face £30bn stealth raid from Rishi Sunak's tax freeze

Inflation to push millions more into higher rates of income tax, wiping out impact from leadership frontrunner Liz Truss's proposed tax cuts

2 months ago·London, United Kingdom
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Sky NewsSky News

Inflation set to wipe out billions promised for public services, think tank warns

The IFS suggests the two remaining candidates to be the next prime minister, Liz Truss and Rishi Sunak, should set out their plans to combat the challenge.

2 months ago·United Kingdom
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The TimesThe Times

Inflation predicted to result in a £44bn public services hit

Inflation will mean a £44 billion cut to public services with health, education and defence all seeing real-terms spending reductions next year, analysis has

2 months ago·London, United Kingdom
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BloombergBloomberg

Inflation set to wipe out billions promised for public services, think tank warns

2 months ago·United States
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40% of the sources lean Left, 40% of the sources lean Right
The Independent
Bloomberg
Sky News
The Telegraph
The Times
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C 20%
R 40%
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