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Reform’s Deputy Director Richard Harries, wrote a column for PublicFinance where he examined the key issues missing from the Chancellor’s 2015 Budget speech.
“Every post-election Budget for the last quarter century has seen taxes go up. Does anyone really expect this to change after May’s General Election? Even the OBR struggled to get a clear answer from the chancellor on this. Tucked away on p.127 of its Economic and Fiscal Outlook report that accompanies the Budget, it reports an acknowledgement from the Treasury that ‘tax rather than spending could deliver some of the consolidation’.”