Voters divided on tax cuts versus increased public spending

Voters in the UK are divided on whether Chancellor Rachel Reeves should cut taxes or increase spending on public services in her Spring Statement next week. A recent Ipsos survey shows that 31 percent of voters want tax cuts, even if it means reducing funding for public services. In contrast, 34 percent of respondents prefer boosting public spending, even if it requires higher taxes. This split indicates challenges for Ms. Reeves as she tries to address the nation’s budget concerns. Instead of major tax changes, she is likely to announce significant spending cuts. Gideon Skinner, head of politics research at Ipsos, noted that public opinion has shifted. People are becoming more concerned about taxes and their impact on the economy. In a poll from last June, 40 percent favored increased public spending, with only 27 percent wanting lower taxes. Skinner mentioned that support for taxing businesses has decreased. Now, many people see the need to reduce business taxes to encourage growth. The survey, which included over 1,000 British adults, also revealed that public aid cuts and certain benefits reductions are acceptable to many voters.