Hunt ushers in new era of high tax, big state Britain

Contributing sentiments towards policy:

62% :Public spending is on course to rise to 47.3pc of GDP this year.
53% : Almost one in six adults will be paying the higher rate by the end of the decade, representing the biggest proportion of adults paying higher-rate tax since the individual income tax system was set up in 1990.
49% : Tax take unlikely to return to pre-pandemic levels for decades, says IFSJeremy Hunt has ushered in a "new era of higher taxation, higher spending and a bigger state" as growth stutters and the labour force shrinks, leading economists have said.
47% : Britain will have a permanently higher borrowing bill after the Chancellor decided to increase welfare in line with inflation and debt servicing costs rose, according to the Institute for Fiscal Studies (IFS).
45% : This is because even as pay packets rise, the threshold at which workers start paying taxes doesn't, forcing them to hand more of their earnings to the taxman.
44% :TaxesMr Hunt mentioned the word "future" five times in his Autumn Statement, but many of his tax rises dragged Britain back to the past.

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