“I have come here to chew bubblegum and kick ass. And I’m all out of bubblegum.” This is not a direct quote from Paul Johnson, director the Institute for Fiscal Studies think tank, but it is a close approximation.
As Britain’s tax burden is set to hit its highest levels since the Second World War, Johnson said he would be “most surprised” if it returns to “its long-term pre-Covid average at any time in the coming decades.” That is ‘decades’ plural.
