Published 2 years ago

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.

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The 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 years ago·London, United Kingdom

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The 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 years ago·London, United Kingdom

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Sky News UK

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 years ago·United Kingdom

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The 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 years ago·London, United Kingdom

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