IFS Advises Chancellor on Tax Reform

Institute for Fiscal Studies urges tax reform in Autumn Budget to raise tens of billions without breaking manifesto.
Chancellor Rachel Reeves faces 41 billion shortfall for 2029-30.
Property tax reforms include replacing stamp duty and updating council tax bands from 1991 values.
Abolishing £175,000 nil-rate band could raise £6 billion.
Doubling top council tax bands could raise £4.4 billion.
Political commitment to protect working people limits tax options.
IFS warns some tax alternatives may be harmful.
Treasury says Reeves needs to find £50 billion in measures.

Policy | Economy | Tax

United Kingdom

Rachel Reeves

3 weeks ago