No. of Recommendations: 1
'The highest tax burden for 70 years' - Keir Starmer
Mr Starmer is right - the overall level of taxation last year was the highest for more than 70 years.
And it is forecast to get higher.</k>
They’re on pace to collect an INSANE amount of taxes, in fact:
The Office for Budget Responsibility (OBR) - the independent body which makes forecasts for the government - predicts that it will collect 37.1p of every pound generated in the economy in 2028-29.
That sound conservative to you?
Dope, they're lower than France and Germany, but they've been lower - the GDP isn't rising.
Output per hour worked in similar countries has also increased only slowly since the global financial crisis. But low levels of business investment, Brexit barriers to trade, low public investment and problems with skills training have been cited as factors that have left Britain lagging its peers.
