The grim warning from the Institute for Fiscal Studies came as the Chancellor, pictured, and his Labour counterpart, Rachel Reeves, clashed over tax cuts as they both sought to sharpen general election battlelines.
The Government dangled the prospect of more tax cuts ahead this year if the fight to force down inflation towards two per cent can be won.
But Labour accused ministers of increasing overall bills due to "stealth taxes" dragging millions more people into paying the higher rate of tax or into paying the basic rate.
Denne historien er fra January 26, 2024-utgaven av Evening Standard.
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Denne historien er fra January 26, 2024-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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The era of longevity is almost upon us. But can our minds really keep up?
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