UK below OECD average for tax-to-GDP ratio

Britain has a slightly lower than average ratio of tax collected to gross domestic product (GDP), according to the latest annual Revenue Statistics report by the Organisation of Economic Co-operation and Development (OECD). This shows that the figure in the UK climbed to 33.3% in 2017, compared with the OECD average of 34.2%, the highest in the organisation's history. 

The overall increase across the OECD was attributed mainly to increased taxes on personal consumption and companies. In the UK, corporation tax has fallen in recent years, although some consumption taxes have increased and a new one on sugary drinks has been introduced.  

France has the highest tax-to-GDP ratio at 46.2%, and was set to raise consumption taxes until recent civil disobedience prevented the latest planned fuel tax rise. Denmark is second on 46%. At the bottom end of the scale was Mexico on 16.2%, while the lowest figure for a European country was the Republic of Ireland on 22.8%.