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Healey faces £35bn Budget challenge, says IFS

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The Institute for Fiscal Studies says Chancellor John Healey faces a £35bn challenge to meet spending pledges, requiring a "top-up" of billions. Meanwhile, the Resolution Foundation, a think tank with Labour links, has proposed cutting National Insurance by 2p for all workers to raise £6bn for defence.

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Healey faces £35bn Budget challenge, says IFS
Photo: Daily Mirror

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