Oct 30, 2018

Budget 2018: A bit of a gamble, says IFS

The Budget has been branded "a bit of a gamble" by a respected economic research group. The chancellor bases his Budget on figures from the Office for Budget Responsibility. "However, the IFS warned:"Yesterday's Budget was a bit of a gamble. "What the OBR gives this year, it can easily take away again next year. If it does, then the chancellor will have painted himself into a bit of a corner." To get himself out of that corner, the chancellor would have to raise taxes, or more likely, continue to borrow money, the IFS said.

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