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Rachel Reeves should avoid 'half-baked' tax fixes in Budget, says IFS

The Institute for Fiscal Studies says Rachel Reeves can raise tens of billions in revenue by reforming property and inheritance taxes without increasing income tax, National Insurance, or VAT.

  • The Institute for Fiscal Studies advised Labour's Rachel Reeves to avoid 'half-baked' tax fixes in the upcoming Budget.
  • The IFS said it would be possible for Reeves to raise tens of billions without breaking Labour's manifesto promises, but warned against reforms that would be 'economically harmful'.
  • The think tank urged wider reform to align tax rates across different forms of income, which it said would be 'fairer and more growth friendly'.
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Reeves could raise billions without breaking Labour pledges – IFS

The Government is under pressure to balance the books ahead of November’s autumn statement.

·London, United Kingdom
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Bias Distribution

  • 37% of the sources lean Left, 36% of the sources lean Right
37% Left

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U.S. News broke the news in New York, United States on Sunday, October 12, 2025.
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