General · 3 hours ago
IFS says Healey's Budget leaves UK exposed after worst decade for incomes
Colin via Wikimedia Commons (CC BY-SA 4.0)
The Institute for Fiscal Studies (IFS), an independent economics think tank, says Chancellor John Healey's first Budget cut his spending buffer from £24bn to £15bn for 2029/30. Its director Helen Miller said a smaller cushion leaves him "more exposed to future bad news" and that temporary cost of living help can't fix weak growth.
Reported by Independent · How we write briefs