Labour’s tax red lines have left Reeves with ‘one hand tied’ for budget, says IFS

Ruling out of rises to four main taxes could lead chancellor to make ‘economically damaging’ decisions, says thinktank

Rachel Reeves has “one hand tied behind her back” as she considers how to balance the books next month in her first budget, a leading economic thinktank has said, after she ruled out increases to the four main taxes that account for 75% of all revenues.

The Institute for Fiscal Studies (IFS) said Labour had promised not to raise income tax, national insurance, VAT or corporation tax before the budget, heightening speculation that Reeves will seek to increase revenues from rises in capital gains tax, inheritance tax and stamp duty on property sales.

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despite their heroic victory against Honduras, Les Bleuets are eliminated for a small goal

After a disastrous start to the competition marked by two defeats against South Korea (2-1) and Gambia (2-1), Les Bleuets faced Honduras. A decisive match for Landry Chauvin’s players who played their survival during this third and last day of the group stage of group F of the U20 World Cup which is currently taking place in Argentina. While the two teams went blow for blow with hot situations on both sides of the field, Ousmane Camara was sent off just before the end of the first quarter of an hour following a foul on Daniel Carter. The young French shoots were therefore already at ten after only 15 short minutes of play (13th). After this fault and the expulsion of the French defender, Honduras had a good free kick full axis near the French surface. What’s next after this ad Odin Ramos then sent a missile into the right corner of Thimothée Lo-Tutala, beaten (15th, 1-0). Les Bleuets took a real blow on the head with this opener and it was necessary to wait several minutes before...

‘History makers’: elated Elokobi says Maidstone deserve ‘every bit of glory’

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