The state pension triple lock should be ditched after the next election in favour of the uprating system used in Australia, according to the Institute of Fiscal Studies.
Think-tank’s report raises pressure on chancellor to raise income tax at Budget on November 26
The IFS think-tank said Rachel Reeves should make fundamental changes - such as abolishing council tax and replacing it with a property tax.
Thinktank says UK could raise significant funds by tackling some of the longstanding ‘inefficiency and unfairness’ in tax system
Rachel Reeves must avoid “a half-baked dash for revenue” or risk damagi…
The Chancellor may have to find up to £30billion in the Budget, but has pledged not to raise income tax, National Insurance or VAT.
In a report, the Institute for Fiscal Studies (IFS) said there was 'worryingly little evidence' on what support works best and called for a full review of the system.