IFS Warns UK Budget Risks Being a Work of Fiction Without Spending Plans
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The Institute for Fiscal Studies warned John Healey that his 28 October budget risks being a work of fiction unless he outlines plans to cover £35bn in spending pressures. Rising inflation driven by the Middle East war requires either topped-up funds or deep cuts by the end of the decade, and the thinktank urged the chancellor to make key decisions now rather than delaying them.
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