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Tag: IFS

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Iran War Threatens Healey's Budget Plans, Think Tank Warns

The Institute for Fiscal Studies has warned that Chancellor John Healey could need to find up to £35bn to meet government spending plans due to the economic fallout from the Iran conflict. Price spikes driven by the ongoing war pose significant risks to the UK's financial stability. Higher-than-expected inflation resulting from the geopolitical crisis threatens to severely eat into government resources, complicating upcoming budgetary decisions and fiscal targets.

UK EconomyJohn HealeyIFSIran WarInflation
Politicsdomestic

Tories united behind Kemi Badenoch but must win over voters

The Conservative Party's annual conference in Birmingham demonstrated a unified front behind leader Kemi Badenoch, a stark contrast to the leadership murmurs of a year ago. However, despite internal harmony, the party still trails Labour and Reform UK in opinion polls. During her speech, Badenoch unveiled a major plan to cut inheritance tax, echoing a familiar strategy of dropping surprise crowd-pleasing policies near the end of her address. While supporters argue the tax is deeply unpopular and unfair, critics including the Institute for Fiscal Studies and Reform UK argue it primarily benefits multi-millionaires and wealthy property owners in London and the south east.

Kemi BadenochConservative PartyUK PoliticsInheritance TaxIFS

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