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HomePoliticsUK PoliticsBudget 2024 live: High debt and low growth spell trouble for UK,...
UK Politics

Budget 2024 live: High debt and low growth spell trouble for UK, says think tank

David Graham
By David Graham
March 7, 2024
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    Budget 2024 live: High debt and low growth spell trouble for UK, says think tank – BBC News

























    BreakingBreaking news

    Summary

    1. The government and opposition are “joining in a conspiracy of silence” about the challenges facing the UK, a think tank says
    2. The Institute for Fiscal Studies, a leading economic research group, was reacting to Wednesday’s Budget
    3. The IFS says, just to stop national debt rising, the government needs to raise more than it spends – which it hasn’t done since 2001
    4. The combination of debt payments and low growth will mean “eye wateringly tough choices”, the think tank warns
    5. Chancellor Jeremy Hunt cut National Insurance again yesterday – he says it will make the average worker better off
    6. But Labour’s shadow chancellor Rachel Reeves says Hunt gives with one hand, and takes “much more” with the other
    7. Despite the NI cut, Labour says frozen income tax rates and thresholds mean people have lost money overall
    8. Our correspondents will answer your questions on the Budget later – email [email protected]



    www.bbc.co.uk

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