Sunday, June 29, 2008

You've never had it so Bad

According to the Telegraph and calculations performed by Capital Economics the current tax burden is the worst it has been since 1991.

The household tax burden rose from 34 per cent of income to 34.6 per cent in the first quarter of the year - the highest level since the spring of 1991.

The figures, calculated from official data published on Friday, underline how far taxes have risen since Labour took office in 1997. They come after the scrapping of the 10p tax rate caused an internal Labour mutiny.

Despite the Government's headline tax rates remaining unchanged, a variety of so-called stealth taxes have increased the burden.

So the next time Gordon says taxes are down at PMQ's you can tell him it is yet another of his "Brownies".

Families hit by greatest tax burden since 1991 - Telegraph

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