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Labour's tax red lines have left Reeves with 'one hand tied' for budget, says IFS

By The Guardian   |   Sep 20, 2024 at 07:02 PM EST
Labour's tax red lines have left Reeves with 'one hand tied' for budget, says IFS

The Institute for Fiscal Studies warns that Chancellor Rachel Reeves faces challenges in balancing the budget due to ruling out tax increases on main sources of revenue. Suggestions include reforming capital gains, inheritance tax, and stamp duty to raise additional funds without harming the economy.

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