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The dust has settled on the Labour government’s second Autumn Budget and Brits have been left reeling from a £26bn tax raid.

Taxes collected as a share of GDP are set to jump to an all-time high in the coming years, according to the Office for Budget Responsibility ( OBR ).

They will go up to well over 38 per cent of GDP by 2030, the OBR said, a significant upward revision from their March forecast of around 37 per cent. That compares to 35 per cent in the 2024-25 fiscal year.

The cash grab spanned across landlords, pensions and the wealthy – all which were teased as targets in rogue briefings on the run-up to the big day.

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