The Institute for Fiscal Studies (IFS) said on Monday that British finance minister Rachel Reeves should use her November budget to implement long-overdue tax reforms aimed at boosting revenue while minimizing economic disruption.

The IFS urged Reeves against simply raising the levels of existing taxes to bring in the extra money she needs – estimated at about 30 billion pounds ($40 billion)- to stay on course for her targets to repair the public finances.

“The last thing we need in November is directionless tinkering and half-baked fixes,” Isaac Delestre, a senior research economist at the IFS, said.

“There is an opportunity here. The chancellor should use this budget to take real steps down the road towards a more rational tax system,” Delestre said.

No Increase In Tax

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