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The Independent UK
The Independent UK
National
Anna Isaac

Public services face cuts unless £26bn inflation hole plugged, IFS warns

IFS Inflation James Jamieson NHS Rishi Sunak
PA

Public services face deep cuts unless the government acts to plug a £26bn hole caused by inflation in the next two years, economists have warned.

A report by the Institute for Fiscal Studies (IFS) warned candidates in the Tory leadership race to be “honest and transparent” about the tough decisions that lie ahead this winter in areas from education to healthcare.

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