UK government departments need £44bn to offset the impact of inflation according to the Institute for Fiscal Studies. The think tank said rampant price rises are expected to wipe out more than 40% of the planned real-terms increase in funding for public services over the next three years. IFS economist Ben Zaranko who told Alex Webb and Stephen Carroll on Bloomberg Daybreak Europe that schools & hospitals will suffer if money isn't found to fill the gap.See omnystudio.com/listener for privacy information.