Rishi Sunak and Jeremy Hunt have “fiscal space” to avoid cuts to public spending in the next mini-Budget, an economic think tank has said.
The prime minister and chancellor also have the chance to provide help with the cost of living crisis without busting the government’s tax-and-spend rules, the Institute for Public Policy Research says.
In a report released today, the IPPR said that cuts to spending are not inevitable, but would represent a “political choice” to return to the austerity pursued by Conservative governments in the “lost decade” of the 2010s, risking lasting harm to livelihoods and growth.
