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IFS Caution on UK Tax Cuts
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Overview
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The Institute for Fiscal Studies (IFS) warns against tax cuts without clear funding sources, suggesting reforms like stamp duty changes. UK's high taxes and government debt pose challenges, with unprotected areas facing budget squeezes. Both major parties aim to lower the tax burden but are cautioned about pre-election tax cuts by the IFS and the IMF.
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How could the caution against tax cuts affect the upcoming UK elections and economic policies?
How might the proposed stamp duty changes impact different socio-economic groups in the UK?
What strategies could the UK government employ to reduce budget squeezes in unprotected areas?
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