LONDON, Oct 13 (Reuters) – British finance minister Rachel Reeves should use her budget in November to carry out a long overdue reform of the taxation system which could help her to raise more revenue while limiting the hit to the economy, a think tank said on Monday.
The Institute for Fiscal Studies urged Reeves against simply raising the levels of existing taxes to bring in the extra money she needs – estimated at about 30 billion pounds ($40 billion)- to stay on course for her targets to repair the public finances.
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UK’s Reeves should use budget to reform tax system, IFS says
