Courageous Budget..but tax raids on the horizon

NI hike 'won't bring in enough' 'Wage rises likely to be less'

- GRAHAM HISCOTT & DAVE BURKE

RACHEL Reeves will have to increase taxes even more to stop cuts to services, experts warned.

The Institute for Fiscal Studies hailed the Chancellor's "courageous" Budget which included higher borrowing for everything from the NHS to prisons after years of Tory neglect.

Director Paul Johnson called it "the right thing to do, even if the up-front costs are significant".