@[email protected]M to World [email protected]English • 3 months agoBritain cranks up taxes by £40B and gambles on growthwww.politico.euexternal-linkmessage-square5fedilinkarrow-up145arrow-down12file-text
arrow-up143arrow-down1external-linkBritain cranks up taxes by £40B and gambles on growthwww.politico.eu@[email protected]M to World [email protected]English • 3 months agomessage-square5fedilinkfile-text
Labour’s Rachel Reeves signaled that the new British government plans record tax rises on the wealthy and on business.
minus-squareSkualinkfedilink8•3 months agoAnnual 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
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