Labour needs £25bn a year in tax rises to rebuild public services, warns IFS

Labour needs £25bn a year in tax rises to rebuild public services, warns IFS

Thinktank says tax increases in budget will be necessary even if Rachel Reeves changes fiscal rules Will Rachel Reeves’s rules on debt and spending survive the budget? Keir Starmer’s promise to end austerity and rebuild public services will require tax increases of £25bn a year in the coming budget even if debt rules are changed…