Think tank outlines proposals to avoid tax hikes

The Centre for Policy Studies (CPS) has called for the pensions triple lock to be scrapped as part of a nine-point plan to repair the public finances. The think tank also proposes cuts to the aid budget and child benefit to be further limited as part of £30bn worth of spending cuts designed to spare the UK from post-Covid tax increases. Land and other state assets should also be sold. The head of policy at the CPS, Alex Morton, said: "Taxes are already at historic highs, and any further increases risk choking off any post-Covid recovery. The Government must re-examine its existing spending and ensure it is getting good value before considering raising tax further still. This package of savings is simultaneously radical but realistic - delivering better value for money for voters and allowing the Government to continue funding its priorities."