IFS's criticism of budget spending plans could have been far worse | Larry Elliot
by Larry Elliott Economics editor from on (#50KXD)
Thinktank expressed some disapproval but Sunak can count himself relatively lucky
It is part of budget tradition that the chancellor gets a kicking from the Institute for Fiscal Studies 24 hours after presenting his package to parliament. By that token, Rishi Sunak can count himself relatively lucky.
The UK's leading tax and spending thinktank certainly had its criticisms of the budget but, given Sunak's decision to spend and borrow hundreds of billions of pounds extra over the coming years, it could have been a lot worse.
Related: An end to austerity? It's a nice line - but one budget can't undo the damage | Simon Wren-Lewis
Continue reading...