Austerity will continue well into the next decade irrespective of any negative impact of Brexit, the Institute of Fiscal Studies (IFS) predicted today.
In its 300-page Green Budget, the IFS warned that a combination of rising demand in health and care, costing an extra £19.5bn or 1% of GDP, plus a slowdown in economic growth, could force the Government to find another £40bn in savings by 2025.
