Resolution Foundation says overspend chancellor claims she inherited will persist unless tough choices are madeReeves spends first 100 days in power trying to ride two horsesLabour weighs £3bn tax rise on gambling firmsChancellor considers raising capital gains tax to 39%Rachel Reeves has been warned that most of the £22bn shortfall in the public finances Labour claims was covered up by the Conservatives will continue to hang over the government by the end of the decade.In a downbeat report before the chancellor’s budget later this month, the Resolution Foundation said as much as £19bn of the shortfall would persist until 2029-2030 unless Reeves took action to raise taxes or cut spending. Continue reading…
Source link : https://www.theguardian.com/politics/2024/oct/12/labour-warned-22bn-shortfall-will-last-years-without-higher-taxes-or-cuts
Author : Richard Partington Economics correspondent
Publish date : 2024-10-11 23:01:08
Copyright for syndicated content belongs to the linked Source.
Labour warned £22bn shortfall will last years without higher taxes or cuts
