The Chancellor has fired the starting gun on the run-in to one of the most challenging second Budgets in living memory. The Chancellor has already said her fiscal rules are sacrosanct, but higher gilt yields, policy u-turns and a likely growth downgrade mean she is on track to miss them without further fiscal consolidation. With spending plans agreed only last June, all roads point to more tax rises.

What should be the tax strategy for the upcoming Budget and beyond, and what might that mean for who loses out? Is there an economic case for breaking Labour’s tax manifesto commitment, and is it worth the political cost of doing so? And how should the Chancellor align her tax strategy with wider ambitions to boost growth and living standards?

SPEAKERS