🚨 NEW: The IFS has backed Rachel Reeves's claim that Labour inherited a worse financial situation than expected, criticising the Home Office for 'woeful' budget figures under the Tories that underestimated asylum costs
The budget for 3 years was £320m, but spending hit £7.9bn
IFS or IMF? Because the rhetoric is the same. They claimed a few years ago that UK will be "paying for" COVID for decades, no not because of long COVID but because increased spending during the period prevented complete collapse.