It Will Be 3p On Tax to Bail Out Brown, Says Think-Tank ; Independent Forecaster Warns That 800,000 More Families Will Be Drawn Into 40% Bracket

Summary


TAX rises of Pounds 11billion are on the way, a report warns today.

Swingeing increases equivalent to more than 3p on income tax could be needed after the election for Gordon Brown to balance his books without resorting to higher borrowing.

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It Will Be 3p On Tax to Bail Out Brown, Says Think-Tank ; Independent Forecaster Warns That 800,000 More Families Will Be Drawn Into 40% Bracket

The warning comes from the annual Green Budget published by the Institute for Fiscal Studies (IFS), regarded as the most ...

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