> > tax revenues are higher than ever, government spending is higher than ever, social programs and social spending is higher than ever

> Obviously every nominal value is going to be higher YoY

It's not just nominal. You can see on the Institute for Fiscal Studies website that, as proportion of GDP, public spending has not been notably higher than since the second world war:

https://ifs.org.uk/taxlab/taxlab-data-item/uk-government-spe...