UK faces stark choice of higher taxes or decline in public services, warns IFS
by Larry Elliott Economics editor from Economics | The Guardian on (#6E4F3)
Even if taxes rises are chosen, system needs root-and-branch reforms as all main levies are flawed, finds study
Britain faces a stark choice between paying higher taxes or accepting an inevitable deterioration in public services and the welfare state, a report says.
In an in-depth study of the UK tax system, the Institute for Fiscal Studies (IFS) thinktank said the already high level of taxes and the weak prospects for growth meant voters faced a tough choice.
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