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Market Recap Form

Market Recap Form

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let's start with the tax burden okay so last time around at the time uh of the election and obviously when we were looking at all those manifestos we looked a lot at this chart didn't we the higher this line is the more tax the economy is so the higher the level of taxes as a percentage of GDP and bear in mind you know the UK is actually a bit lower than many other European countries um and this was where things were heading you know the basis of the last budget so the one from Jeremy Hunt those were the conservative plans and Labor's plans in the manifesto so would have seen that line go a weeny bit higher you know a few pixels higher here is what we have just heard about so just look at how much higher that line is and that may not look like an enormous difference okay between those two lines but believe me it is and actually when we take this and just go back through history to the 1940s we'll remember how not that long ago people were saying we might

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