Sometimes, the headline from a think tank report can be so cryptic you have to call up the press office to ask what exactly they meant by it. But not this one. The Institute for Fiscal Studies (IFS) has published a paper titled: This will be the biggest tax-raising parliament on record. And this being the IFS, they have the data to back it up.
In 2019, UK tax revenues equated to roughly 33 per cent of national income. By next year, on present forecasts, taxes will amount to around 37 per cent, a level not seen since the 1940s, when the British state was, erm, rather busy.
