The budget was presented last week and I decided to look at where the money comes from.
Interesting how much comes from personal taxation; NI is a payroll tax, much of it paid by business. 13% of the total income is new borrowing. I suppose I am most shocked by how little is collected through the ‘progressive’ income tax ( 23%).
This was posted in March 2016 based on a chart that I found when tidying up my hard disk.