IFS Warns Rachel Reeves Against ‘Half-Baked’ Fiscal Plans for Revenue Boost
As Chancellor of the Exchequer, Rachel Reeves faces a formidable challenge: addressing a projected £30 billion fiscal shortfall without breaching Labor’s manifesto pledges to avoid raising income tax, national insurance, or VAT. In response, the Institute for Fiscal Studies (IFS), a respected economic think tank, has cautioned against implementing hastily conceived tax increases. The IFS…