IFS urges Osborne to develop a Plan B

The respected Institute for Fiscal Studies think tank today urged George Osborne to prepare a ‘Plan B’ for fiscal consolidation in case growth prospects deteriorate.

IFS: Tax and benefit changes are regressive

Today the Institute for Fiscal Studies (IFS) said that the Government’s plan for fiscal consolidation is regressive, and will hit the poorest disproportionately hard, once cuts to welfare are fully taken into account.