From City AM:
The bank levy and bank surcharge, both introduced by Tory former chancellor George Osborne, raised nearly £17bn in the six years up to 2016-17 (enough to fund the starting salaries of around 60,000 nurses and 60,000 police officers for each of those years).
I ought to do more posts on this, people use this tiresome analogy all the time.
The calculation looks about right. £3 billion a year ÷ 120,000 nurses/coppers = £25,000, but what it actually highlights is the dwindingly small amount of money which the UK government actually spends on police and nurse's salaries (about half a million in total @ £30,000 each = £18 bn a year, less than 3% of total government spending.
It'd be much more fun if they left the poor old nurses and coppers alone and compared receipts from a randomly selected tax like the bank levy/bank surcharge with a less wholesome spending line, for example "enough to fund the UK's annual subsidies to agricultural landowners like James Dyson", "enough to buy over a hundred F-35B Lightning II Joint Strike Fighters" or "enough to pay for 100 miles of high speed railway".
Tuesday, 1 August 2017
The basic unit of government accounting...
My latest blogpost: The basic unit of government accounting...Tweet this! Posted by Mark Wadsworth at 14:40
Labels: Taxation
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3 comments:
@M
Its like the space thing
'an area the size of Wales....'
Sh, see also 'royal Albert hall' or 'olympic sized swimming pool' as units of volume.
@Shiney
How about: enough money to cover an area the size of Wales in bull manure? :-)
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