Both parties need to raise taxes or cut..........>

UK: Both parties need to raise taxes or cut spending pledges, says think-tank

(FT)

- The Conservatives and Labour are both set to break their new budgetary rules

almost before the ink has dried on them, the Resolution Foundation has warned.

The think-tank said both parties had failed to do their sums correctly with

public finances, meaning they were likely to bust their commitment to balance

the current budget, excluding capital spending. The Resolution Foundation's

calculations suggest both parties would need to implement higher taxes or cut

spending pledges as soon as they were elected if they intend to stick to their

own rules.

- Link: https://www.ft.com/content/ebaf27fc-112a-11ea-a225-db2f231cfeae