Labour’s tax-hiking UK budget won’t boost growth, experts warn – POLITICO

Rachel Reeves’ first budget wont achieve her aim for the U.K. to have the best economic growth in the G7, the boss of the influential Institute for Fiscal Studies said. 

Speaking at a budget debrief event today, the think tank's chair Paul Johnson said the chancellor got a “hospital pass” from the last government, but her high-tax, high-spend and big-borrowing budget has little in it to boost growth over this parliament. 

“Set against the ambition to achieve the fastest economic growth of the G7 this parliament, there was little in the budget itself [to achieve this],” he said. “What we didn’t see in this budget is anything to increase growth in this parliament.”