Budgets bring a wealth of facts and figures, which sometimes take a little time to absorb. The Summer Budget put up tax significantly over the five years of the current parliament. National accounts taxes are forecast to rise by 25% - from £603.6bn in 2014-15 to a forecast £757.3bn in 2019-20.

The UK economy is projected to grow by 12.5% over this five-year period, but this is inflation-adjusted growth. Nominal growth is projected by the Office for Budget Responsibility (OBR) to grow by about 23%. So the tax increases are only 10% more than economic growth.