Economic Chief blasts UK budget as ‘a bit of a gamble’ as Theresa May pays for record tax cuts for the rich by increasing our debt.
The UK budget has come under fire. Economists claim increasing our national debt, while splashing cash on tax cuts for the rich, is a gamble with our future.
Paul Johnson, the director of the Institute of Fiscal Studies says, "If I were a prison governor, a local authority chief executive or a head teacher, I would struggle to find much to celebrate. I would be preparing for more difficult years ahead."
Even with a little extra cash important areas like our schools still face significant cuts.