October 12, 2026MacroPolitics·Bearish·macro
IFS says Britain needs around £35bn in tax rises or benefit cuts to fund defence spending
The Institute for Fiscal Studies said Britain could need around £35 billion in tax increases or benefit cuts to avoid cuts to public-service budgets while funding higher defence spending, as the Middle East war pushes up inflation.
Detected & updated continuously · Source: Nebula
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Intercorp Financial Services Inc.United Kingdom