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As tax rises hit pay packets next month is this an end to traditional Conservative low tax policy? The UK government has so far defied calls from across the political spectrum to shelve the planned 1.25 per cent increase in National Insurance, despite millions of households grappling with a rising cost of living at a time of great economic uncertainty as war rages in Ukraine. A greater proportion of the nation\u2019s income will go to the taxman than at any point since the 1950s. Yet Brexit was billed by some as the UK\u2019s chance to go it alone and create its own economic model, a \u201cSingapore on Thames\u201d \u2013 a low tax, light touch economy to attract outside investment. Instead, corporation tax is to increase from 19 percent to 25 per cent by 2023, while a new \xa312 billion annual levy to fund the NHS and social care comes in from April, initially in the form of higher national insurance payments. Prime Minister Boris Johnson has broken his election manifesto pledge not to raise such taxes to meet, he argues, the cost of supporting the economy through the pandemic. His chancellor hopes this will permit future tax cuts. But with policy priorities such as levelling up and a transition to net zero, and the realities of an ageing population, BBC Economics Correspondent Dharshini David asks whether we're seeing a fundamental shift in traditional Conservative low tax philosophy and whether that's a temporary choice - or an unavoidable permanent reorientation?\nGuests:\nSir John Redwood MP\nSir Charlie Bean, professor of economics at the London School of Economics and Political Science\nLord Nick Macpherson, former permanent secretary to the Treasury\nDame DeAnne Julius, distinguished fellow, Chatham House \nDr Jill Rutter, senior fellow, The Institute of Government

Producer: Caroline Bayley\nProduction Coordinators: Maria Ogundele and Jacqui Johnson\nSound: Graham Puddifoot\nEditor: Hugh Levinson