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Author Topic: Britain's Economics don't add up  (Read 11434 times)

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The Prophet

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Britain's Economics don't add up
« on: October 04, 2011, 12:16:36 pm »
Despite "Austerity", this year there will be £1,033bn of Gilts in issue. In 2000 the total was £280bn and £500bn in 2008.
In less than three years, the government has racked up more debt than it managed to do in the whole of the last century!

The public sector accounts for more than 50% of Britain's GDP - the highest ever level.
Britain is now 95th out of 135 countries for the "effect and extent of taxation"

Corporation Tax is the 12th highest out of 35 countries.
Britain's effective tax rate on business investment is 27% - 11th highest out of 83 countries.
And Personal Taxes are now among the highest in the developed world.