UK faces stark choice of higher taxes or decline in public services, warns IFS

Britain faces a stark choice between paying higher taxes or accepting an inevitable deterioration in public services and the welfare state, a report says. In an in-depth study of the UK tax system, the Institute for Fiscal Studies (IFS) thinktank said the already high level of taxes and the weak prospects for growth meant voters faced a tough choice. The IFS said if the political choice was to pay higher taxes, root-and-branch reform of the system would be needed to reduce the economic pain that higher levies would involve. This was because every one of the UK’s principal taxes was flawed, it added.

https://www.theguardian.com/politics/2023/aug/24/uk-faces-stark-choice-of-higher-taxes-or-decline-in-public-services-ifs

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