Sunak ‘planning £2bn in cuts and the UK’s highest peacetime tax rate’
The Guardian says 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.
While the tax raid would help fund an expansion in the state to the highest level of government spending since 1985, the leading independent thinktank for the public finances said several Whitehall departments would still face budget cuts.
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