IFS advises UK government against tax cuts without clear spending plans, citing potential strain on health, education, social care, and housing.
The Institute for Fiscal Studies (IFS) advises the UK government to resist tax cuts without providing more detail on spending plans. The IFS warns of potential pressure on already strained sectors such as health, education, social care, and housing if tax cuts are announced without a clear Spending Review. The International Monetary Fund (IMF) also warns against further tax cuts due to Britain's slow economic growth.
February 26, 2024
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