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Story summary
- Paul Johnson, former head of the Institute for Fiscal Studies, criticizes Rachel Reeves (UK government official) for lacking a long-term strategy.
- He calls the Budget chaotic, citing early speculation and a U-turn on income tax.
- Johnson attributes the challenges to austerity, Brexit, and global volatility, and says the government claims to have just discovered them.
- He urges tax-system stability, especially pension taxation, and warns that inaction could have political consequences.
