IMF Says Reeves Will Raise Taxes – Guido Fawkes

IMF Says Reeves Will Raise Taxes

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The International Monetary Fund has produced a new report on the UK economy this afternoon in which it warns that taxes will have to go up. Quelle surprise…

The report from the tax-and-spend-happy organisation was written on 1 July but only published today. The IMF hilariously praises Reeves’ now-watered down welfare reforms:

“Unless the authorities revisit their commitment not to increase taxes on “working people,” further spending prioritization will be required, to align better the scope of public services with available resources. The authorities have already embarked on this process through recent reforms to incapacity and disability benefits, but other avenues for savings need to be considered. In particular, the triple lock could be replaced with a policy of indexing the state pension to the cost of living, as recommended in previous Art. IV reports. Access to public services could also depend more on an individual’s capacity to pay, with charges levied on higher-income users, such as copayments for health services, while shielding the vulnerable. There may also be scope to expand means testing of benefits.”

State pension indexing is political suicide as apparently are any other money-saving measures Reeves looks to go ahead with. Taxes it is, then…