कोशिश गोल्ड - मुक्त
Instead of treating Britain's tax system as taboo, let's talk about how it can work
The Observer
|June 22, 2025
We need to talk about tax and the common good. Next year all our tax revenues combined will climb to the highest level as a share of GDP for 70 years.
This proposition has become the foundation for an increasingly fierce anti-tax narrative. Taxation at these levels is unconscionable and insupportable, it is claimed. It shackles enterprise, narrows the capacity for individual choice, worsens the cost of living crisis, and darkens economic prospects. As a result, Nigel Farage's Reform UK has been able to tap into genuine, mounting grievances and present a potentially fatal threat to Labour.
It has become an economic and political imperative to challenge the idea that taxation is in itself a dark and sinister force. The future of Britain's public services, the strength of our defence and security effort, social fairness and all that contributes to the common good hangs on unpicking it. For a government that is notoriously poor at political advocacy and messaging, lacking belief and self-confidence in what it stands for, that will be hard. But the issues can no longer be dodged: too much is at stake.
Firstly, taxation as a share of GDP must be put into context. It still places Britain only marginally above the international average, still short of the 40% ratio of the Nordic countries and others. Low growth and Brexit, depressing GDP, are as important a cause as tax. Moreover, the trends in the components of taxation over time are strikingly stable.
यह कहानी The Observer के June 22, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
The Observer से और कहानियाँ
The Observer
Can a biopic of the Boss be anything other than blinded by his light?
Heavens above, not another biopic. I'm still in recovery from A Complete Unknown, James Mangold’s attempted unveiling of The Mysterious Soul of Bob Dylan starring Timothy Someone-or-other.
2 mins
October 26, 2025
The Observer
Reeves is still only getting part of the Brexit message
The financial markets, and much of the media, seem obsessed by the level of public sector debt and borrowing.
3 mins
October 26, 2025
The Observer
The anonymous Twitter troll account set up to discredit Virginia Giuffre
The online attacks came thick and fast, all 479 of them designed to discredit the accuser of Epstein, Maxwell and Prince Andrew.
5 mins
October 26, 2025
The Observer
Badenoch and Farage should stop playground politics of making rules they can't keep
Do unto others as you would have them do unto you. That's the golden rule I remember being taught as a child in primary school. Not a bad guiding principle.
3 mins
October 26, 2025
The Observer
Museums are in the pink while corporate sponsors remain shy
By embracing private philanthropy, the sector has received record sums, however businesses are feeling burnt by protests, write Nicole Fan and Stephen Armstrong
3 mins
October 26, 2025
The Observer
'Democrat saviour' or 'commie bastard': Mamdani, would-be king of New York
The 34-year-old socialist set to become the Big Apple's first Muslim mayor may be the left's greatest hope - and biggest threat. Hugh Tomlinson joins the new star of US politics on the campaign trail
8 mins
October 26, 2025
The Observer
Use Russia's money
Europe has missed its chance to hit Putin's finances
2 mins
October 26, 2025
The Observer
Struggling 'clean food' brands dig in for long haul
Autumn, season of mists and mellow fruitfulness, wrote Keats. Not if you're in the plant-based food industry. Sales at major brands, including Oatly and Beyond Meat, are stalling.
2 mins
October 26, 2025
The Observer
Reeves mission: to build a European Silicon Valley centred on 'golden triangle'
Brexit is costing the UK 80bn a year in lost taxes, hitting output by up to 8% and investment by more than twice as much. The chancellor has her work cut out
5 mins
October 26, 2025
The Observer
Academics sign letter of support after ‘vile’ abuse of Israeli professor
Tom Watson, Margaret Hodge, Michael Grade, Prof Andrew Roberts and hundreds of academics are among more than 1,600 signatories of an open letter condemning a “targeted harassment campaign” against an Israeli professor at a London university.
1 mins
October 26, 2025
Listen
Translate
Change font size

