Published by Michele Maatouk on 16th October 2025
(Sharecast News) - Britain's leading tax and spending experts have urged Rachel Reeves to consider announcing billions of pounds in welfare cuts in next month's budget to help placate jittery financial markets. After the chancellor gave her strongest hint yet that spending cuts were under consideration, the Institute for Fiscal Studies (IFS) called on Reeves to take "bold" action to plug a potential £22bn shortfall in the government finances. - Guardian