Tax system overhaul will be needed to fund NHS, says thinktank

Chancellor told he is gambling with public finances and will be unable to balance books

Philip Hammond has been told Britain needs to overhaul the tax system to raise more money for the NHS after using the budget to hand tax cuts to the rich while raising public borrowing.

Urging the chancellor to conduct a formal review of taxation alongside the government's planned spending review next year, the National Institute of Economic and Social Research said Hammond would be unable to balance the books in future without finding extra tax revenue.