Forecast impact of tax policies from March 2022

Change in tax burden, share of GDP

National insurance

Income tax

Business rates and council tax

Corporation tax

VAT and excise duties

Other

2%

1

0

-1

-2

2022-23

2024-25

2026-27

2020-21

National insurance

Income tax

Business rates and council tax

Corporation tax

VAT and excise duties

Other

2%

1

0

-1

-2

2021-22

2022-23

2023-24

2024-25

2025-26

2026-27

2020-21

Guardian graphic. Source: IFS analysis using OBR Policy measures database (Dec 2021), historical GDP forecasts from OBR Historical official forecasts database (Oct 2021), and OBR Economic and fiscal outlook (March 2022)