IFS warns Rachel Reeves against ‘half-baked dash for revenue’

Thinktank says UK could raise significant funds by tackling some of the longstanding inefficiency and unfairness' in tax system

Rachel Reeves must avoid a half-baked dash for revenue" or risk damaging economic growth as the chancellor seeks to close a large gap in next month's budget, the Institute for Fiscal Studies has said.

The tax and spending thinktank has warned there was a danger the chancellor would create unnecessary economic damage" if she chooses to stitch together unrelated tax-raising measures to cut the shortfall in government revenues and keep within her fiscal rules.