Reeves urged to make Budget 'bold' or risk future tax rises

The chancellor should be "bold" in next month's Budget or risk future spending cuts and tax rises, an influential think tank has said. The Institute for Fiscal Studies (IFS) is projecting Rachel Reeves will need to find £22bn to make up a shortfall in the government's finances, and will "almost certainly" have to raise taxes. Finding this amount would allow the government to maintain the £10bn of headroom it has…