UK taxes are set to reach a postwar high

Taxes as a share of GDP, %

Outturn

November 2023 forecast

40%

Forecast

35

30

25

1948

1968-69

1988-89

2008-09

2027-28

Outturn

November 2023 forecast

40%

Forecast

35

30

25

1948

2017-18

1958-59

1968-69

1978-79

1988-89

1998-99

2008-09

2027-28