Rishi Sunak and Boris Johnson have overseen largest tax rises since Second World War

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The lack of tax cuts from the Conservative government has left swathes of the party angry, as they believe reducing tariffs is a key part of the party's philosophy.

to cut taxes - with some eyeing up cuts to sizeable projects like HS2 as a way to free up cash, and others calling for a relaxation of inheritance tax.

Ben Zaranko, senior research economist at the IFS, said the pandemic could not be blamed for rising tax levels and predicted a high-tax approach was here to stay regardless of who wins the next general election. "This is not, for the most part, a direct consequence of the pandemic. Rather, it reflects decisions to increase government spending, in part driven by demographic change, pressures on the health service, and some unwinding of austerity.

He said:"There will be strong pressure in coming parliaments to raise taxes further to meet growing demand for public services such as healthcare.

 

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