budget cuts, despite plans for the biggest tax raid in a generation. According to the independent think-tank, with the aim of meeting the government’s “levelling up” agenda, Sunak will announced cuts worth a whopping £2 billion, targeting areas such as prisons, courts, local government and further education, whose spending has been tightened for several years now.
“These budgets were cut substantially in the 2010s, and a further round of cuts would be difficult to reconcile with the government’s stated objectives – particularly around ‘levelling up’,” IFS noted.
Earlier this year, the Chancellor announced the first corporation tax rise in nearly five decades and attempted to soften the blow with investment incentives worth…
