This graph shows dramatically how much extra money the Government has taken in. The late 90s with tax cuts saw revenue stay fairly flat, but since then under Labour it has increased wildly.
In six years tax revenue have gone up 62.4% and total crown revenue is up 84.3%. And how much do we get back? 89 cents a week in 2008! Think if the tax take had “only” increased by 50% over six years instead of 62.4%. That would mean $4b a year having stayed with taxpayers.
Of great concern to those who believe in a relatively small state, crown revenue as a percentage of GDP is at a record 48.8%. Yep only 1.2% off the state being bigger than the private sector.