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Economy and public finances

Tax as a share of GDP

For context
36.0%of national income raised in taxes, 2025-26

+1.4 pts on the year before; +3.1 pts since 2019-20

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What it means: all taxes and national insurance as a share of GDP, often called the tax burden. The latest figure is the highest since the early 1950s. Whether taxes should be higher or lower is a political choice, so this is shown for context with no rating.

Source: Office for Budget Responsibility, public finances databank (September 2026), national accounts taxes, outturn years only.