Labour is increasing the size of the state

Public spending as a share of GDP, %

Outturn

October 2024 forecast

Pre-measures forecast

Con/Lib

60%

Con

Lab

Covd-19

pandemic

1973

oil crisis

50

40

2008

financial crisis

30

20

1950

1975

2000

2025

Outturn

October 2024 forecast

Pre-measures forecast

Con/Lib

60%

Con

Lab

Covd-19

pandemic

1973

oil crisis

50

40

2008

financial crisis

30

20

1950

1975

2000

2025

Outturn

October 2024 forecast

Pre-measures forecast

Con/Lib

60%

Con

Lab

Covd-19

pandemic

1973

oil crisis

50

40

2008

financial crisis

30

20

1950

1975

2000

2025

Guardian graphic. Source: ONS, OBR

Outturn

October 2024 forecast

Pre-measures forecast

Con/Lib

60%

Con

Lab

Covd-19

pandemic

1973

oil crisis

50

40

2008

financial crisis

30

20

1950

1975

2000

2025