Tax as a share of the economy is at its highest level since the second world war

Tax revenue as a percentage of GDP

60%

Forecast

37.8%

2027-28

50

40

30

20

1960-61

1980-81

2000-01

2020-21

60%

Forecast

37.8%

2027-28

50

40

30

20

1950-51

1960-61

1970-71

1980-81

1990-91

2000-01

2010-11

2020-21