Sunak's government will have presided over highest tax rises on record, says IFS

The Institute for Fiscal Studies has released analysis showing that tax will have risen by 37% by the time of the next general election

“This is not, for the most part, a direct consequence of the pandemic. Rather, it reflects decisions to increase Government spending, in part driven by demographic change, pressures on the health service, and some unwinding of austerity.

“It is likely that this Parliament will mark a decisive and permanent shift to a higher-tax economy.” Rishi Sunak's government will preside over the highest tax rises on record, according to the Institute for Fiscal Studies. Mark Franks, the director of welfare at the Nuffield Foundation, added: “There will be strong pressure in coming parliaments to raise taxes further to meet growing demand for public services such as healthcare. Future governments must not only have a credible and robust strategy for the economy and the public finances, but should also be forthright and transparent about the difficult trade-offs they will face.

The analysis has prompted Labour to respond to the Tories' tax policies. The shadow chief secretary to the Treasury Darren Jones said that the party had"clobbered" the public with soaring tax rates.

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