UK tax as a share of GDP is forecast rise to 37.1% of GDP in 2028-29, the highest level since 1948

National account taxes, % of GDP

March 2024 forecast

March 2024 pre-measures

November 2023 forecast

40%

1948 record 37.2%

 

Forecast

35

30

25

1950

1960

1970

1980

1990

2000

2010

2020

March 2024 forecast

March 2024 pre-measures

November 2023 forecast

40%

1948 record 37.2%

 

Forecast

35

30

25

1950

1960

1970

1980

1990

2000

2010

2020

Guardian graphic. Source: ONS, OBR