Chancellor needs to raise taxes by whopping £25BILLION in Autumn Budget to avoid austerity

BRITS could be slapped with a £25 billion tax bill if Labour wants to avoid austerity, leading economists have warned. 

The Institute for Fiscal Studies has claimed the Chancellor will have to dig deep into taxpayers’ pockets if she wants to keep spending promises without cutting public services.

In their annual analysis, they argue even changing the debt rules won’t help, leaving the Chancellor facing what...