IFS warns on new 2p tax hike threat

Already under fire for not lashing down his Help to Buy mortgage guarantee scheme, George Osborne is now taking heavy shelling from the Institute for Fiscal Studies (IFS).

The IFS predicts up to £9bn of tax rises may hit the public, equivalent to a 2p rise at basic rate. It's either that or borrow more, says the IFS.%VIRTUAL-SkimlinksPromo%