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More tax rises to come, warns Institute for Fiscal Studies

BBC UK
Summary
Nutrition label

73% Informative

Think tank says the outlook for living standards is 'far from rosy' with pay rises likely to be smaller.

Rise in National Insurance Contributions (NICs) is a 'tax on working people', says James Smith .

Other Budget measures, including a big boost to spending, and other tax rises, are expected to raise inflation.

IFS head Paul Johnson says pressure to keep spending on public services will be hard to resist.

IFS: Unless she gets lucky with growth, more tax rises to come next year or the year after.

Growth forecasts published alongside the Budget suggest UK growth will pick up over the next two years but then fall back to more moderate pace.

VR Score

84

Informative language

89

Neutral language

45

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

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