IFS: Sunak Set to Preside Over Biggest Tax Increase Since World War II

The biggest driver of the tax hike is not COVID-19 responses, but a pre-pandemic desire for higher government spending, the economic research institute said.

The sign for the government department of HM Revenue and Customs in Westminster, London, on May 8, 2009. Oli Scarff/Getty Images

Prime Minister Rishi Sunak is set to preside over the biggest tax increase since the Second World War, which he partly inherited from his predecessor Boris Johnson, according to the Institute for Fiscal Studies (IFS).

The economic research institute said forecasts show the UK’s average tax burden could have increased by around £3,500 per household by the next general election compared to the last.