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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