The UK will face tax rises of more than £40bn to plug holes in government finances and balance the books by 2025, a think tank has warned.
The Conservatives, Labour, Liberal Democrats, and the SNP have all failed to explain how they plan to cut the deficit, the Institute of Fiscal Studies (IFS) has said.
Chancellor George Osborne needs to explain exactly where he intends to make the £12bn in cuts to welfare spending he outlined in the Budget, the Institute for Fiscal Studies (IFS) has said.
Average household incomes in the UK have returned to their pre-2008 crisis levels, according to the Institute of Fiscal Studies (IFS).
Chancellor George Osborne will need to make cuts “on a colossal scale” to fulfil his plans he laid out in the Autumn Statement, the Institute for Fiscal Studies (IFS) has warned.