For those who argue people are overtaxed in the UK and will run away if rates aren’t cut….

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This table has just been published by the OECD and shows the "tax wedge" taken from employment earnings for all 34 OECD countries:

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The OECD say of this:

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Note then that this "wedge" includes employer's national insurance - which most people do not appreciate is paid on their behalf.

The UK is at 32.3%, well down the list.

Of course, that may also be why we have such a high deficit: we are undertaxing high earnings in particular.

But there's no case for saying we're overtaxed, most especially at high rates. That's for sure.