The OBR notes that the UK Budget raises taxes “by amounts rising to £26 billion in 2029-30 [, … bringing] the tax take to an all-time high of 38% of GDP in 2030-31”.[1] The OBR also highlights that debt rises as a share of GDP from 95% this year to 96% of GDP by 2030, “twice the debt level of the average advanced economy”.1Office for Budget Responsibility. (2025, November 26).