Monday, 12 October 2026 Updated 29 min ago
The News Engine
Latest
Business United Kingdom

IFS: budget will be ‘work of fiction’ without clear plan to cover UK spending pressures

Thinktank’s influential pre-budget report urges key decisions to be made now and not put off until next year John Healey has been warned by Britain’s…

Image accompanying the story: IFS: budget will be ‘work of fiction’ without clear plan to cover UK spending pressures
Image: Photograph: UK MOD Crown copyright/Royal Navy/Reuters · via The Guardian

The Guardian reports: Thinktank’s influential pre-budget report urges key decisions to be made now and not put off until next year John Healey has been warned by Britain’s leading tax and spending experts that his budget risks being a “work of fiction” unless he sets out plans to cover £35bn in spending pressures.

This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include IFS, UK and John Healey.

Why it matters

Business and economic news can ripple through prices, jobs, investments and household budgets.

Key details

Location
United Kingdom · Europe
Reported by
The Guardian
First reported
Key names
IFS, UK, John Healey, Britain
Section
Business

Sources

This is an independent summary. Read the full, original reporting from the publisher:

Read the full story at The Guardian

Spotted an error? Request a correction · How this summary was produced

Related Stories