Official figures have shown that central government taxation revenue reached a staggering £863.6billion in 2024-25, up by 3.5 per cent on the previous year.

The IMF's assessment last month found that tax rates on wages have increased at the fastest pace in the developed world under this Labour government.

Official figures have shown that central government taxation revenue reached a staggering £863.6billion in 2024-25, up by 3.5 per cent on the previous year.