IFS: budget will be ‘work of fiction’ without clear plan to cover UK spending pressures
The Institute for Fiscal Studies says the upcoming UK budget will be “a work of fiction” unless a clear strategy is set to meet mounting spending pressures. In its influential pre‑budget report, the think‑tank urges the government to make key fiscal choices this year rather than defer them, outlining the need for a credible financing plan for public services, debt and inflation.