Tax revenues as a share of GDP are forecast to reach the highest levels on record

UK taxes as a share of GDP, %

Outturn

October 2024 forecast

Pre-measures forecast

Con

40%

Lab

Con/Lib

1973

oil crisis

2008

financial crisis

35

30

Covd-19

pandemic

25

20

1950

1975

2000

2025

Outturn

October 2024 forecast

Pre-measures forecast

Lab

Con

40%

Con/Lib

1973

oil crisis

2008

financial crisis

35

30

Covd-19

pandemic

25

20

1950

1975

2000

2025

Outturn

October 2024 forecast

Pre-measures forecast

40%

Lab

Con/Lib

Con

1973

oil crisis

2008

financial crisis

35

30

Covd-19

pandemic

25

20

1950

1975

2000

2025

October 2024 forecast

Outturn

Pre-measures forecast

40%

Lab

Con/Lib

Con

1973

oil crisis

2008

financial crisis

35

30

Covd-19

pandemic

25

20

1950

1975

2000

2025