Reported 5 months ago
The Institute for Fiscal Studies warns that the next UK government, facing the toughest fiscal challenge in 70 years, must be realistic about the difficult choices ahead, as high debt, interest rates, and low growth constrain options. Both major parties are expected to release manifestos soon, with plans to stabilize a debt burden near 100% of GDP by either implementing spending cuts, raising taxes, or borrowing more. The IFS emphasizes the need for an honest debate on these issues despite politicians' reluctance to specify their choices during an election campaign.
Source: YAHOO