Reeves urged to make Budget 'bold' or risk future tax rises

The Institute for Fiscal Studies (IFS) has urged UK Chancellor Jeremy Hunt to make the upcoming Budget "bold" in order to avoid future tax rises. According to the IFS, the chancellor needs to find £22 billion to make up a shortfall in the public finances. The IFS has warned that the government's current fiscal plans are not sufficient to address the UK's long-term economic challenges. The think tank has called for the chancellor to take a more proactive approach to addressing the country's economic woes, including by making significant investments in areas such as infrastructure and skills. The IFS has also cautioned that the government's current plans for tax cuts are unlikely to be sustainable in the long run, and that the chancellor may need to consider raising taxes in the future to address the country's fiscal challenges. Overall, the IFS has urged the chancellor to be bold and take decisive action in the upcoming Budget in order to secure the UK's economic future.