Rachel Reeves is under mounting pressure from senior policymakers and economists to target wealthier pensioners and homeowners with new taxes as she seeks to stabilise the public finances ahead of November’s Budget. The only route to fiscal sustainability lies in finding a more sustainable growth model for the economy as a whole. This will not be achieved without a significant further increase in public investment. To minimise volatility, the government should also adopt the IMF’s recommended changes to the UK fiscal framework, including moving to one assessment against the fiscal rules per year. We have set out the elements of a credible strategy to boost economic growth and prosperity, strengthen fiscal sustainability, and enhance business and investor confidence.