UK tax is forecast to reach a postwar high of 38% of GDP

National accounts taxes as a share of GDP

Historic (outturn)

March 2023 forecast

March 2023 forecast restated

November 2023 forecast

November 2023 pre-measures forecast

40%

35

30

25

1948

1970-71

1990-91

2010-11

28-29

Historic (outturn)

March 2023 forecast

March 2023 forecast restated

November 2023 forecast

November 2023 pre-measures forecast

40%

35

30

25

1948

1970-71

1990-91

2010-11

2028-29

Guardian graphic. Source: ONS, OBR. Note: March 2023 forecast restated denominator is the latest nominal GDP outturn in 2022-23 grown forward using OBR March 2023 forecast