Posts Tagged treasury
Blair’s legacy, Brown’s economy?
Posted by Nick Cowen in Tax and Spend on 06/06/2007
Via Daniel J. Mitchell at Cato, we learn that the last seven years has seen a climb in total taxation the equivalent of ten pence in every pound:
‘What developed nation has taken the biggest steps in the wrong direction since the turn of the century? The answer is not France, Germany, or Sweden. The United Kingdom has that dubious honor. Government spending has jumped from less than 38 percent of GDP in 2000 to more than 45 percent of economic output today. That is the largest increase among OECD nations, and the United Kingdom now has a bigger burden of government than Germany.’
