Saturday, May 28News That Matters

Chancellor accused of ‘not levelling with people’ over budget plans

Rishi Sunak “isn’t really levelling with people” about painful cuts that will be needed to repair the public finances, according to budget analysis by a respected economic think-tank.

Institute for Fiscal Studies (IFS) director said “Santa Sunak… looks more like Scrooge Sunak” under plans for a squeeze totalling more than £50bn compared to the pre-pandemic outlook.

That is the scale of spending cuts and tax rises over coming years compared to what the chancellor outlined in his first budget a year ago – implying a spending outlook that seems “implausibly low”, Mr Johnson said.

“The chancellor isn’t really levelling with people about the choices the government is making to repair the public finances,” he added.

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