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IFS concerned Budget is 'a repeat of the silly games played by the last government'
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investmentweek.co.ukLarge increases in tax and spending, promised by the Labour party are «not costless», according to the economic think-tank's director, Paul Johnson, who expressed concern about the «front-loaded» nature of many of Reeves' spending commitments. The chancellor said that after 2025-26, day-to-day public spending is projected to decline to 1.3% per year, a figure that Johnson described as «miserable». «Of course, spending will start off higher but, frankly, I would be astonished if these plans are kept to,» he said, adding that the Labour Party's first fiscal event since 2010 «looks horr...
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