Grainne@lemmy.dbzer0.comM to World News@quokk.auEnglish · 7 days agoBritain cranks up taxes by £40B and gambles on growthwww.politico.euexternal-linkmessage-square5fedilinkarrow-up146arrow-down12file-text
arrow-up144arrow-down1external-linkBritain cranks up taxes by £40B and gambles on growthwww.politico.euGrainne@lemmy.dbzer0.comM to World News@quokk.auEnglish · 7 days agomessage-square5fedilinkfile-text
Labour’s Rachel Reeves signaled that the new British government plans record tax rises on the wealthy and on business.
minus-squareSkua@kbin.earthlinkfedilinkarrow-up8·7 days 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
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