By 2015 - 2020 uk will have imposed tax rises worth £ 64.3 billion . At the same time tax cuts will have saved the country only £ 48billion . Institute for Fiscal Studies slams ' wasted opportunity ' to improve performance . George Osborne expected to announce more tax cuts in Budget next year .
By 2015-16 coalition will have imposed tax rises worth £64.3 billion . At the same time tax cuts will have saved the country only £48billion . Institute for Fiscal Studies slams 'missed opportunity ' to improve system . George Osborne expected to announce more tax cuts in Budget next week .