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Autumn Statement 2016: opening remarks


This presentation was given at an IFS briefing following the Autumn Statement 2016.

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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.