THE next prime minister will preside over the highest tax burden since Clement Atlees post-war government – whoever wins the election on Thursday, according to fresh analysis.
Jeremy Corbyn would impose the highest tax burden ever recorded – at 37.3 per cent of GDP, which is even higher than under Atlees post-war rebuilding government.
But Boris Johnson would also take the UKs tax burden to the highest since Mr Atlees government by raising the proportion of tax to 34.7 per cent of GDP by 2023/24.
The tax burden is already at a 50 year high and Mr Johnsons decision to cancel a plan to cut corporation tax to 17 per cent will take that to a near 70-year high.
Taxpayers Alliance chief John OConnell warned: The fact that the tax burden is already at a 50 year high should give us a wake up call in this election campaign.
As it stands, both potential PMs will be whacking up taxes to higher rates than any of their post-war predecessors from their respective parties.
Attacking Labours plans, he blasted: It’s little wonder that a long list of freebies will mean a sharp increase in the tax burden.
“Corbyn claiming that their hare-brained pledges and state control of anything and everything can be paid for with minor tax increases on the few is ludicrous, and takes typical taxpayers for fools. Labour should be seeking to lower the burden on the working class, trusting people to look after themselves, their families and their communities.”
