Hinted tax cuts will be difficult in weak economy – IFS

“It might be easy to announce immediate tax cuts, without any hint of what it is the state currently does that it will stop doing, or what taxes will rise in future, but this trade-off cannot be wished away”, the IFS’s report said, adding that “it will be more difficult to reduce the debt-to-GDP ratio over the next parliament than in any other parliament since the 1950s”.