John Healey faces £35bn nightmare Budget dilemma

A “steady-as-she-goes” Budget is “not an option” available to the Chancellor.John Healey faces a nightmare £35billion Budget dilemma, the UK’s leading economic thinktank warns. Experts at the Institute for Fiscal Studies (IFS) maintain that high inflation is the main challenge the Chancellor must grapple with ahead of his maiden Budget on October 28.