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Home Publications Introductory remarks to 'Autumn Statement 2014: IFS analysis' event on 4 December 2014

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This year’s historic, and manifesto-breaking, announcements of tax rises will increase the UK’s tax take to its highest sustained level in peacetime. Spending will settle at 42% of national income, more than 2% above its pre-pandemic level and its highest level in ‘normal times’ since 1985.