The Institute for Fiscal Studies said if government cuts taxes now, it risks being forced to raise taxes or cut spending in future.
The biggest driver of the tax hike is not COVID-19 responses, but a pre-pandemic desire for higher government spending, the economic research institute said.
The Institute for Fiscal Studies said if government cuts taxes now, it risks being forced to raise taxes or cut spending in future.
The biggest driver of the tax hike is not COVID-19 responses, but a pre-pandemic desire for higher government spending, the economic research institute said.