Labour will have to hike taxes to raise £25 billion, warn economists | Politics | News
Rachel Reeves may need to raise £25 billion from tax increases for day-to-day spending in the budget, economists have warned. Even if the Chancellor changes fiscal rules this would do “almost nothing” to ease the challenge on public service funding, the Institute for Fiscal Studies (IFS) said. Because of her promise to meet day-to-day spending…