The IFS has backed Rachel Reeves's claim that Labour inherited a worse financial situation than expected
The IFS has backed Rachel Reeves's claim that Labour inherited a worse financial situation than expected
🚨 NEW: The IFS has backed Rachel Reeves's claim that Labour inherited a worse financial situation than expected, criticising the Home Office for 'woeful' budget figures under the Tories that underestimated asylum costs
The budget for 3 years was £320m, but spending hit £7.9bn
Still no wealth tax though, no?
criticising the Home Office for 'woeful' budget figures under the Tories that underestimated asylum costs
I've said it once I'll say it again. The HomeOffice is utterly incompetent. Don't expect this to change under Labour. It's an institutional problem that needs root and branch reform.
That's ... even worse than the headline! Not only did the budget not include the £4000m yearly cost, it actually said that it expected -£230m (making money not spending money)
IFS or IMF? Because the rhetoric is the same. They claimed a few years ago that UK will be "paying for" COVID for decades, no not because of long COVID but because increased spending during the period prevented complete collapse.