Taxes Must Rise to Fill Gap, Experts Tell Brown

Summary


TAXES will have to rise by Pounds 8 billion to prevent the Chancellor breaking his spending and borrowing plans over the next five years, an independent report warned today.

The alert was sounded in the annual "green budget" from the respected Institute for Fiscal Studies which bases its calculations on the Treasury's own economic models.

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Taxes Must Rise to Fill Gap, Experts Tell Brown

It warns that growth over the next two years may be much weaker than the Government hopes, meaning ...

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