Tax rises on cards to pay for Treasury's £39bn 'black hole'

Telegraph
"To fund the £39bn shortfall, the Government would have to increase taxes by an extra £1,250 per family, per year, or cut spending for five years with even the much favoured areas of health and education hit hard. In the absence of fiscal tightening, net debt would stand at about 90pc of national income by the early 2050's, according to the IFS."
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Families 'to face extra £1,250 tax a year each' as Darling seeks the £39bn he needs to get Britain's public finances back on track (Daily Mail)