29/05/2026
UK tax levels are at the highest level since immediately after the Second World War, but as Dan Neidle wrote yesterday "the UK tax system is not really a designed object. It is a very long-running game of Jenga, where each generation of politician carefully adds new taxes and new tweaks to the top of the pile, and rarely does anyone dare to touch the horrors lurking lower down."
The UK is ranked 32nd out of 38 OECD members for tax competitiveness and the poor use of efficient taxes like VAT (where exceptions abound) and an almost uniquely poorly-designed property tax system mean that revenue comes from taxes that cause more economic damage than necessary.
Last week we gathered people from policy, business, and public life in Westminster to think about the UK's fiscal situation and the relationship between taxation and enterprise — from the structural inefficiencies of the current system, to the political economy of reform, to the real decisions entrepreneurs are already making in response to changing tax policy.
We'll be holding further events in the autumn so do sign up at the link in the comments. Read the full write-up below.
How the UK raises its tax revenue matters as much as how much it raises. CEME gathered people from policy, business, and public life in Westminster to examine the relationship between taxation and enterprise.