Rachel Reeves should consider welfare cuts in budget, IFS says

Thinktank urges chancellor to take ‘bold’ action on benefits and pensions to placate jittery financial marketsBritain’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. Continue reading...