In reply to @OBR_UK
We have revised up real GDP over the medium term as we now expect post-pandemic scarring of supply potential to be 2% – down from the 3% we assumed in March. #Budget2021 pic.twitter.com/wNrcMUJ690
Replying to @OBR_UK
The combination of stronger growth and temporary higher inflation, plus 3 big tax rises introduced in the last two Budgets give the Chancellor an extra £50bn in revenue & push the tax burden up to its highest since the early 1950s. #Budget2021

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