Britain currently has the ‘highest tax raising parliament in history’, a leading economist has pointed out.
Despite huge levels of taxation, and increased investment in public services, there is still not enough funding to undo a decade of austerity.
Speaking at the County Councils’ Network conference in Marlow today, the Institute for Fiscal Studies’ chief executive Paul Johnson said: ‘Over this parliament, taxes have risen more than they have since the 1950s.’
He told the conference the current parliament was generous to public services, but much of the money was being sucked up by the National Health Service. Even then, he claimed NHS spending had grown ‘less quickly than expected pre-Covid’.
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