Quote:
Originally Posted by Flyboy
I haven't confused anything, it is many on here who are refusing to accept that the Tories have taxed us more than Labour have.
The tax rates are lower now than they were when the last Tory government were in power, are they not? The Tories increased the standard VAT rate from eight per cent to seventeen and a half per cent, didn't they?
|
Don't have the figures to hand, will look for them when I can. The ones we have aren't hugely helpful as they are not the same as nominal tax rate which is the key thing, not how much tax was actually paid as that has many influences.
The only thing that is unequivocal from the figures is that, despite being left a strong and healthy economy in surplus Labour, without any economic downturn, turned that surplus into a deficit and increased taxation at the same time (evidenced by GDP growth with a simultaneous increase in tax take as % of GDP).