Britain cranks up taxes by £40B and gambles on growth
Britain cranks up taxes by £40B and gambles on growth
www.politico.eu Britain cranks up taxes by £40B and gambles on growth
Labour’s Rachel Reeves signaled that the new British government plans record tax rises on the wealthy and on business.
Labour’s Rachel Reeves signaled that the new British government plans record tax rises on the wealthy and on business.
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Is £40b a lot?
It’s about 20 cricket pitches.
Take what you know and multiple. Nice.
Annual government spending was about 1.2 trillion last year, so it's about 3.5% of that. Alternatively it's about 30% of last year's deficit