Sunak ‘planning £2bn in cuts and the UK’s highest peacetime tax rate’

Chancellor on track to impose a package of manifesto-busting tax increases at this month's budget, says IFS

Rishi Sunak is poised to usher in cuts worth 2bn for government departments tasked with meeting the Tories' flagship levelling up" agenda, despite planning for the biggest tax raid in a generation.

The Institute for Fiscal Studies (IFS) said the chancellor was on track to lift the UK's tax burden to the highest sustained level in peacetime with a package of manifesto-busting tax increases at this month's budget and spending review.