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The tax burden under Labour. Carl Emmerson Christine Frayne Gemma Tetlow. Revenues since 1970–71. National income ‘after tax’. Revenue and national income growth by parliament. Revenue and national income growth by parliament. Revenue and national income growth by parliament.
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The tax burden under Labour Carl Emmerson Christine Frayne Gemma Tetlow
Election 2001 Cumulative budgetary changes
So to conclude • Revenues up 3.3% per year over 8 years • Faster increase going forward • Lower economic growth expected • … and without introducing new measures • Policy measures yielded 2/3 of increase so far • More might be needed in the future?
The tax burden under Labour Carl Emmerson Christine Frayne Gemma Tetlow