The independent Institute for Fiscal Studies warned the next government must either reduce what the state provides or increase taxes. Both parties aim to maintain departmental spending levels without raising income tax, National Insurance, or VAT.
Labour plans include building more prisons and ending tax breaks for private schools, with no new tax increases. However, the Scottish National Party questions public service cuts avoidance.
Reform UK proposes saving 50bn annually through cutting 'wasteful spending' and bureaucracy, criticizing other parties for not addressing similar issues in their funding plans.
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