Delaying difficult choices by John Healey at the Budget is "not the right approach", a prominent economic think tank has warned, as it urged the Chancellor to raise £8 billion in taxes to restore his halved fiscal buffer.
The Resolution Foundation called for the 28 October Budget to increase taxes – including on pensioners – to fill financial headroom that it predicts has dropped from £24 billion to £12 billion because of the Middle East war, while targeting support at those most affected by cost of living pressures.
