Resolution Foundation urges tax rises and bigger fiscal buffer

The Resolution Foundation said tax rises in the 26 November Budget are inevitable, urging Chancellor Rachel Reeves to double fiscal headroom to about £20bn (with £15bn more realistic). It proposes shifting green levies to general taxation, scrapping the two-child benefit cap, and raising £20–£26bn via higher income tax offset by a 2p NI cut, threshold freezes, and wealth/motoring/property tax reforms.