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Tinkering around the edges at the next Budget risks another year of economic pain, a leading think tank has warned, urging the chancellor to take “bold action” in November.
The Institute for Fiscal Studies (IFS) said it expects Rachel Reeves will need to find at least £22bn next month, thanks to rising borrowing costs, weaker growth forecasts and spending commitments made since spring.
But the IFS said there was a “strong case” for the chancellor to go further, arguing that a £10bn buffer – the amount of headroom Ms Re
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