Sunak ‘planning £2bn in cuts and the UK’s highest peacetime tax rate’

Sunak ‘planning £2bn in cuts and the UK’s highest peacetime tax rate’

Chancellor on track to impose a package of manifesto-busting tax increases at this month’s budget, says IFS

Rishi Sunak is poised to usher in cuts worth £2bn for government departments tasked with meeting the Tories’ flagship “levelling up” agenda, despite planning for the biggest tax raid in a generation.

The Institute for Fiscal Studies (IFS) said the chancellor was on track to lift the UK’s tax burden to the highest sustained level in peacetime with a package of manifesto-busting tax increases at this month’s budget and spending review.

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