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What has happened to taxes over time

Video clip

The share of national income raised in tax has been slowly edging up in recent decades. Helen Miller from IFS explains what has been happening.

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Press release
Today the Labour Party has announced that if elected it would introduce a 45% income tax rate on incomes over £80,000, and a 50% rate on incomes over £123,000. A new IFS Briefing Note analyses the impact of this proposal if it were introduced UK-wide immediately.