Lockdown easing SHOULD speed up if infection rates and vaccine drive data remain positive to save the economy, says boss of influential Institute for Fiscal Studies Paul Johnson, director of IFS, said ‘if we can do it quicker we absolutely should’ Mr Johnson said ‘no need to stick to a date if things go better … Read more
Tax rises look ‘more likely than ever’ in future years as the Government’s spending splurge amid the pandemic rolls on, the Institute for Fiscal Studies has warned. The IFS said Chancellor Rishi Sunak is likely to need to raise an additional £60billion via taxes over the coming years. But, with Britain’s economy facing an ‘extraordinarily’ … Read more
Rishi Sunak will need to find £40BILLION a year in tax rises and spending cuts by the middle of the decade if he wants to balance the books in the wake of the coronavirus crisis, says IFS as it warns UK is in ‘uncharted territory’ Institute for Fiscal Studies said the UK economy is in … Read more
Boris Johnson’s reasoning for refusing to exempt foreign NHS workers from the healthcare surcharge began unravelling tonight when a top economist slapped down his suggestion it would cost hundreds of millions. The Prime Minister today hailed the £400 annual fee for migrants as a £900million revenue raiser, as he swatted away calls for the government … Read more
Rishi Sunak’s Budget plans are ‘nothing like as generous as they appear’ and spending on most public services will be lower in 2025 than in 2010, according to a respected think tank. Paul Johnson, the director of the Institute for Fiscal Studies, said Mr Sunak’s investment proposals are ‘genuinely very big’ – but the cash … Read more