Reeves urged to avoid 'half-baked' tax fixes in Budget

The Institute for Fiscal Studies (IFS) has urged UK Chancellor Jeremy Hunt to avoid "half-baked" tax fixes in the upcoming Budget. The think tank suggests that the government should use this opportunity to undertake a comprehensive reform of the tax system. The IFS has argued that the current tax system is overly complex and outdated, with many loopholes and inefficiencies. They believe that a well-designed and simplified tax system could help to boost economic growth and improve the fairness of the tax system. The think tank has also cautioned against the implementation of "quick fixes" or temporary measures, as these could lead to further complexity and uncertainty. Instead, they have called for a more strategic and long-term approach to tax reform. Overall, the IFS has urged the government to seize this opportunity to undertake a thorough review of the tax system and implement changes that will benefit both the economy and the public.