The UK’s tax burden is on course to be the highest since the Second World War, the government’s official economic forecaster has said.
The tax burden is expected to reach a post-war high of 37.7 percent of GDP in 2027–28, according to the Office for Budget Responsibility (OBR).
The OBR’s document, released on Wednesday to coincide with Chancellor Jeremy Hunt’s Spring Budget, said, “The tax burden now rises to 37.7 percent of GDP in 2027–28, which would be a post-war high and is 4.7 percentage points above where it stood before the pandemic (in 2019/20).”
Helen Miller, head of tax and deputy director at the Institute for Fiscal Studies (IFS) said: “While this was not a tax rising budget, previous policies mean that tax revenues continue to rise to their highest ever level….