Pavilionaire
Well-known member
- Jul 7, 2003
- 31,349
Only repeating what was reported in the Times ...
The Institute for Fiscal Studies said the plans would create the biggest tax burden since World War II while the Resolution Foundation, another think tank, said the size of the state would reach a post-war high and outstrip even Germany.
https://www.thetimes.co.uk/article/labour-launches-tax-and-spend-manifesto-j7pgr0ll6
But what does that mean? In absolute numbers, average per person? 50 years ago tax rates were higher but the population of the UK was 12 million less and more women were housewives not working.
Right now we have low tax rates compared to other western economies and even Corbyn's increases would put us in the middle of that bunch.