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Originally Posted by timewarrior2001
Sorry I'm just cynical. Waiting for the general ellection, when labour get back in and tax goes through the roof.
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from national statistics:-
"...for the calendar year 2004 the UK recorded a government deficit of £35.8 billion..."
"At the end of 2004 general government debt was £481.4 billion, equivalent to 41.6 per cent of GDP."
from the BBC key points:-
"Borrowing was forecast at £34bn for 2004/5, £32bn for 2005/6 and £29bn for 2006/7."
So each year he's spending around £30,000 ,000,000 more than he takes in tax receipts?