Tax rises will follow UK election unless fiscal rules are ripped up, says thinktank

Tax rises will follow UK election unless fiscal rules are ripped up, says thinktank
By: The Guardian Posted On: May 09, 2024 View: 13

Niesr says current limits on government borrowing fail to stimulate growth and hinder net zero ambitionsThe next government will be forced to hit voters with post-election tax rises and delay net zero investment unless it is prepared to rip up Treasury rules for managing the state finances, a leading thinktank has said.The National Institute for Economic and Social Research (Niesr) called for a radical overhaul of the self-imposed constraints imposed on government borrowing and debt as it warned that persistently weak growth and lower inflation would make hitting the rules more difficult. Continue reading...

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