Economy · World

Think tank warns UK budget risks being 'work of fiction'

The Institute for Fiscal Studies (IFS) has warned that the UK budget risks being a "work of fiction" unless clear plans are set out to cover £35 billion in spending pressures. The think tank's influential pre-budget report urges key decisions to be made now. The IFS also stated that the impact of the Iran war poses significant risks to the government's spending plans.

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