Thinktank promotes measures to help chancellor increase NHS spending and reverse planned cuts to servicesPhilip Hammond could perform progress towards ending austerity in his budget on 29 October despite opposition from backbench Tory MPs to tax rises and extra borrowing, according to a main tax and benefits thinktank.
The Resolution Foundation said a freeze on income tax and inheritance tax thresholds before the close of the parliament would raise billions of pounds for public services. Cutting a string of tax reliefs for employers would also improve the chancellor’s war chest as he seeks to pay for increased NHS spending and reverse planned cuts to services. Related: Hammond 'would need £19bn a year to meet May's close of cuts vow' Related: CBI demands £2bn boost for business in Philip Hammond's budget Continue reading...
Source: theguardian.com