£40bn of fiscal tightening needed, says think-tank

By Michael Burton | 01 November 2022

At least £40bn of ‘fiscal tightening’ including tax rises such as the restoration of the health and care levy will be needed to restore the public finances, new analysis from the Resolution Foundation think-tank has found.

The gloomy news provoked a warning from the Local Government Association (LGA) that the ‘future financial sustainability of councils and local services is on a cliff-edge’.

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