Thinktank’s influential pre-budget report urges key decisions to be made now and not put off until next year

John Healey has been warned by Britain’s leading tax and spending experts that his budget risks being a “work of fiction” unless he sets out plans to cover £35bn in spending pressures.

As the war in the Middle East rattles the public finances, the Institute for Fiscal Studies (IFS) said the damage from higher inflation meant the chancellor would need to either top up funds for his current government spending plans or impose deep real-terms cuts by the end of the decade.

Exclusive: Former minister’s review warns that dramatic action is needed over huge drop in youth apprenticeship starts

A national apprenticeship readiness scheme should be introduced in England to close the gap for young people between leaving school and starting work, the government is to be told.

Alan Milburn, who is leading a major review into Britain’s youth jobs crisis, will call for a new “national pre-apprenticeship route” to offer young people further education, training and work experience.