Tax Burden to Hit Highest Level Since 1969 Under May

Under Theresa May the tax burden will rise to almost 35% of GDP, the highest level since 1969 when Harold Wilson was in office – who was also a PM who liked to introduce price caps. This of course makes a mockery of the mealy-mouthed manifesto pledge to “keep taxes as low as possible”. The Tories say a vote for Labour means more borrowing and more taxes, the same is true of them…

Graph via Ed Conway.



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Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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