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UK taxpayer facing historically high burden

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Analysis by the Institute for Fiscal Studies' has suggested the UK's tax burden is the largest since the Second World War.

Taxes have been rising sharply, either by stealth or declared policy, to keep up with election promises and demand for public services starved of investment during the previous decade.

Calculated as a share of GDP, the tax take will have risen to 37% by the next election, a 4% increase since 2019 and a figure not seen since the 1940s.

#tax #money #politics

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Category
News and politics
Tags
uk economy, economy, uk

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