London | Prime Minister Keir Starmer’s new Labour government has set a course for the highest tax take in modern British history, as he gambles that he can get the economy and public services back on track before facing voters again in 2029.
The £40 billion ($79 billion) package of tax increases in the budget that Chancellor Rachel Reeves unveiled late on Wednesday (AEDT) would lift taxation as a percentage of gross domestic product to a record 38.2 per cent.
Loading...
Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
