Reeves could tax pensions and wealth if economy worsens, says IFS - short news
Chancellor may have to reconsider pledge not to raise taxes in light of ‘risky and changing world’, thinktank says
Pensioners and the wealthy could be the target of tax increases at Rachel Reeves’s autumn budget if the drastically worsening economic backdrop fails to improve, the Institute for Fiscal Studies (IFS) has said.
After the chancellor’s spring statement featured deep cuts to welfare to meet her fiscal targets, the UK’s leading experts on the public finances..
source: The Guardian - 27.03.2025