# Tax Revenue Surges Amid Fiscal Drag

Page: https://stenobird.com/podcast/uk-news-today-2-min-news-the-daily-news-now-7493829/tax-revenue-surges-amid-fiscal-drag
Text version: https://stenobird.com/podcast/uk-news-today-2-min-news-the-daily-news-now-7493829/tax-revenue-surges-amid-fiscal-drag.md
Podcast: [UK News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/uk-news-today-2-min-news-the-daily-news-now-7493829)
Published: 2026-06-18T22:28:07+00:00
Episode link: https://api.fastcast.ai/audio/b9e71bb4-0e25-40b7-8ec0-d65569a44bc7.mp3
Audio file: https://api.fastcast.ai/audio/b9e71bb4-0e25-40b7-8ec0-d65569a44bc7.mp3
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Duration seconds: 123

## Resource

Tax receipts hit a record $863 billion this fiscal year, up 3.5% — driven largely by fiscal drag pushing more earners into higher brackets, soaring stamp duty from second-home surcharges, and a spike in VAT as spending climbed. Income tax jumped $23 billion, stamp duty surged 23.6% ($3 billion extra), and VAT added $13 billion. Meanwhile, corporation tax and fuel duty climbed, while National Insurance dipped slightly — all amid fresh scrutiny over government accounting and local authority audit failures. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/a55532bed8f91c10

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