OBR Revises Labour Tax Burden Up Again to Reach Record Postwar High
From the OBR’s forecast: “Taxes are forecast to increase from 36% of GDP this year to 38% by the end of the forecast, with personal taxes accounting for half the increase. The projected 2030-31 level would be a historical high in the UK and almost 6% of GDP above the pre-pandemic level.” Higher taxes will…



