IFS director warns of 'months of speculation' over Autumn tax rises

Johnson highlighted the limited fiscal headroom available to chancellor Rachel Reeves, warning that any economic downturn in the coming months could force further tax increases. "There is a good chance that economic and fiscal forecasts will deteriorate significantly between now and an Autumn Budget," Johnson said. "If so, she will need to come back for more; which will likely mean raising taxes even further." He pointed to the risks of prolonged speculation over which taxes could be targeted, citing pensions, wealth, and capital gains tax as potential areas of concern. "With no se...