UK's Reeves should go big on tax increases in November, think tank says ...Middle East

British finance minister Rachel Reeves should raise taxes by a lot in next month's budget to exit the "Groundhog Day scenario" of continuously having to find measures to patch up the public finances, a think tank said on Thursday. The Institute for Fiscal Studies urged Reeves to stop giving herself only minimal headroom for meeting her fiscal targets which can lead to rushed policy changes.

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