Income tax take soars to £264bn under Tories
The tax burden has risen sharply overseen by successive Conservative administrations since the party came to power more than a decade ago
Since the budget in March 2021, tax receipts have jumped by £49 billion, or just under a quarter
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Income tax revenues have leapt by more than 70 per cent since 2010 to £264 billion, illustrating the sharp rise in the tax burden overseen by successive Conservative administrations since the party came to power more than a decade ago.
Analysis of figures from HM Revenue & Customs by The Times revealed that Rishi Sunak and Jeremy Hunt have been raising income tax receipts without actually lifting headline rates.
At the March 2021 budget, when he was chancellor, Sunak froze a handful of tax bands for several years, which has moved workers up the tax system amid a period of record wage growth. Since that policy was enacted, and then extended by Jeremy Hunt, income tax receipts have jumped by £49 billion, or just under
