Tax hikes vital to meet spending promises, says IFS

Hope William-Smith
clock • 2 min read

Taxes will have to increase after the March Budget if the government plans to honour the spending plans in outlined last year, the Institute for Fiscal Studies (IFS) has warned.

This comes as chancellor Rishi Sunak - who replaced Sajid Javid on 13 February - finalises policy proposals ahead of delivering his first Budget after just 27 days in office. The IFS has labelle...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Hope William-Smith
Author spotlight

Hope William-Smith

Editor at Professional Adviser

View profile
More from Hope William-Smith

Chair of The Pensions Ombudsman Caroline Rookes dies

DC pension holders now waiting an average of 29 days for transfers

More on Law and Regulation

Pension freedoms have delivered flexibility in the last ten years, but 'at a cost'
Law and Regulation

Pension freedoms have delivered flexibility in the last ten years, but 'at a cost'

AKG paper says consumers value choice but are aware of risk of running out of funds

Jasmine Urquhart
Jasmine Urquhart
clock 11 June 2025 • 2 min read
Pension scheme reform: The key announcements
Law and Regulation

Pension scheme reform: The key announcements

PP summarises yesterday’s key government pension announcements

Jonathan Stapleton
Jonathan Stapleton
clock 06 June 2025 • 2 min read
No final regime for surplus flexibilities until 2027 but minister says schemes can begin work now
Law and Regulation

No final regime for surplus flexibilities until 2027 but minister says schemes can begin work now

Torsten Bell talks about the government’s package of pension reform

Jonathan Stapleton
Jonathan Stapleton
clock 05 June 2025 • 3 min read
Trustpilot