In his final press conference at the Institute for Fiscal Studies (IFS), Paul Johnson delivered a sharp critique of the government's spending plans. Known for his measured approach, he expressed skepticism about the viability of the Chancellor Rachel Reeves's announced efficiency savings, describing them as uncredible due to the Treasury's blanket cuts lacking detailed analysis. Johnson warned that if the Office for Budget Responsibility downgrades its forecasts, Reeves may face the necessity of tax increases. His remarks reflected deep-seated concerns about the current state of the UK's public finances, diverging from his usual cautious narrative.
Paul Johnson, typically measured in his analysis, pulls no punches during his final IFS press conference, critiquing the government's financial plans with fervor.
Johnson expresses doubt over the credibility of efficiency savings claimed by the Treasury, highlighting an unsubstantiated blanket approach rather than rigorous budget scrutiny.
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