Category: IFS
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Rachel Reeves faces £25bn tax hike to avoid austerity, says IFS
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Rachel Reeves, the Chancellor of the Exchequer, is expected to introduce a £25bn tax rise in this month’s budget to avoid plunging Britain back into austerity, according to the Institute for Fiscal Studies (IFS). The Financial Services Institute has warned that tax rises would need to be double those introduced…
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Rachel Reeves faces £25bn tax hike to avoid austerity, says IFS
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Rachel Reeves, the Chancellor of the Exchequer, is expected to introduce a £25bn tax rise in this month’s budget to avoid plunging Britain back into austerity, according to the Institute for Fiscal Studies (IFS). The Financial Services Institute has warned that tax rises would need to be double those introduced…
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Two million self-employed workers face pension crisis, warns IFS
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The Institute for Fiscal Studies has warned that nearly two million self-employed workers in the UK face an imminent pension crisis due to insufficient savings. The latest report reveals that only 500,000 self-employed people earning more than £10,000 a year contribute to a pension, leaving 1.8 million people with no…
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IFS Warns of Tight Fiscal Constraints for Next Government
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Britain’s fragile public finances will cast a pall over the general election campaign, with both Rishi Sunak and Sir Keir Starmer warning of looming fiscal challenges by a leading economic think tank. The Institute for Fiscal Studies (IFS) warns that the economy faces the “worst of both worlds” – lower…