The tax burden on the British public has climbed to its highest level at 50 years, according to new research by the Taxpayers' Alliance. It said the burden has risen to 34.6% in 2018-19 and claimed the Treasury's plan is to maintain this level for the next five years. The figure represents £29,000 a year per household.
A key argument of the Alliance is that increasing tax rates is counterproductive because it defeats the object of raising more revenues. It has pointed to findings such as a 25% increase in corporation tax receipts since the rate was cut from 28% in 2010-11 to its present level of 19%.
Chief Executive of the TaxPayers' Alliance John O'Connell said, "For all the talk of increasing taxes to help the poorest, the truth is that the steady growth of the tax burden often hits precisely those families the hardest, leaving them with less money to pay for the essentials." He argued that the UK should spur economic growth by cutting taxes, as countries such as the US and Australia have done.