UK tax burden increases. By Dan Martin

The proportion of the UK's income taken by the government in taxes has risen sharper than any other major economy except the US, new figures show.

A report by the respected Organisation for Economic Co-operation and Development (OECD) showed the UK's tax burden rose last year by 1.2% to 37.2%.

The tax burden was higher in only two other countries – Iceland which rose by 3.7% and the US which saw a 1.3% rise.

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