Tory leadership race: Tax cut pledges are unrealistic, says IFS

Slashing taxes would add to pressures on public finances unless spending is also cut, the IFS warns. …

In its report, the think tank predicted that high inflation could result in more public spending – adding £4bn to the benefits bill, while tens of billions of pounds may have to go to the likes of schools and hospitals, as their bills soar, to help maintain services.


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