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The Independent UK
The Independent UK
National
Ian Jones

UK tax burden remains set for post-war record high, despite cuts

United Kingdom Jeremy Hunt OBR GDP
PA Wire

The overall tax burden in the UK remains on course to reach its highest level since the Second World War, despite cuts to national insurance announced by Jeremy Hunt in the autumn statement, figures suggest.

The burden is forecast to rise from the equivalent of 36.3% of GDP (gross domestic product, or the total value of the economy) in 2023/24 to 37.7% by 2028/29, according to the Office for Budget Responsibility (OBR).

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