Be bold with tax hikes or risk 'groundhog day', chancellor told as low growth recorded
Rachel Reeves faces the prospect of another "groundhog day" unless next month's budget goes further than plugging an estimated £22bn black hole in the public finances, according to a respected thinktank
The Institute for Fiscal Studies (IFS) said there was a "strong case" for the chancellor to substantially increase the £10bn headroom she has previously given herself against her own debt rules, or risk further repeats of needing to restore the buffer in the years ahead.
Modern men and women who live in industrial cities are like mice that have come out of the fields to live in houses that do not belong to them.
Now and then a bold mouse stands upon his hind legs and addresses the others. He declares he will force his way through the walls and conquer the gods who have built the house. "I will kill them," he declares. "The mice shall rule. You shall live in the light and the warmth. There shall be food for all and no one shall go hungry."
Sherwood Anderson – Poor White (1920)
Now and then a bold mouse stands upon his hind legs and addresses the others. He declares he will force his way through the walls and conquer the gods who have built the house. "I will kill them," he declares. "The mice shall rule. You shall live in the light and the warmth. There shall be food for all and no one shall go hungry."
Sherwood Anderson – Poor White (1920)
2 comments:
Or Rachel from Accounts could substantially increase the 'headroom' by cutting costs. But that is not in Labour's DNA.
Why is "Institute " not " Office" ?
Oh, I think I know. The OFFS is a bit near the bone.
Does Nicolas pay for this lot? I think that they, the IfFS should be first to test the efficacy of this ball with some heading practice.
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