Tax hikes will come if economy shrinks any further, IFS warns Reeves
Briefly

The Independent covers vital issues like reproductive rights and climate change while avoiding paywalls, relying on donations to send reporters to the field. They highlight that the IFS has cautioned Ms. Reeves about the necessity of tax increases in light of recent poor economic news, including a 0.3% contraction that raises recession fears. Reeves has committed to not raising taxes significantly but hasn't ruled out any increases, with local council taxes set to rise sharply as well.
The Independent is committed to delivering timely news on critical issues like reproductive rights and climate change, free from paywalls, and driven by reader donations.
The Institute for Fiscal Studies warns that more bad economic news may lead to tax rises, highlighting the government's limited leeway following a 0.3% economy contraction.
Read at www.independent.co.uk
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