UK's Hunt has extra 30 bln pounds to play with in March budget -IFS

British finance minister Jeremy Hunt may have a 30 billion-pound ($36 billion) windfall at next month's budget, but this will be too short-lived to fund permanent tax cuts or public-sector pay rises, the Institute for Fiscal Studies (IFS) said on Tuesday.

For the next financial year, starting in April, the IFS expects the Office for Budget Responsibility to make a downward revision around that size.

Strikes by healthcare workers, teachers and other public sector employees are also pressuring the government to offer a bigger pay rise than the 3.5% on offer. While affordable for now, it would raise questions about how to fund such an increase permanently, IFS Director Paul Johnson said.

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