As Margaret Thatcher once said, the problem with socialists is that they always run out of other people’s money. The post Does the UK Government Understand How Money Works? appeared first on The American Conservative .
Takimag Does the UK Government Understand How Money Works? As Margaret Thatcher once said, the problem with socialists is that they always run out of other people’s money. TakiMag Nobody in the United Kingdom can do arithmetic these days—especially not when it comes to the nation’s supermarkets. I once observed with amusement a shopper in the line ahead of me confused over a “Buy One, Get One Free” offer. The shopper had only brought one of said items to the checkout desk. The girl on duty mentioned the sale. “I know,” replied the woman. “But I don’t want two of them. So I’ve chosen to get the one I’ve…Open
The International Monetary Fund (IMF) has reported that the tax burden is set to reach a peacetime high of 42.1 percent of GDP by 2030, rising faster than any other G7 nation, and indeed faster than all of them put together. The post One G7 Country is Raising Taxes Faster Than the Rest of The Group PUT TOGETHER. appeared first on The National Pulse .
The United Kingdom’s tax burden is projected to rise to 42.1 percent of GDP by 2030, marking the fastest increase among all major economies, according to the International Monetary Fund (IMF). PULSE POINTS WHAT HAPPENED: The International Monetary Fund (IMF) has reported that the United Kingdom’s tax burden is set to reach a peacetime high of 42.1 percent of GDP by 2030, driven by tax hikes orchestrated by Prime Minister Sir Keir Starmer’s Chancellor of the Exchequer (Treasury Secretary), Rachel Reeves. DETAIL: The projected increase in the tax burden from 37.6 percent of GDP in 2024 equates to an additional £130 billion (~$176.4 billion) in taxes annually, or £4,500 (~$6,100) per household. This rise is faster than any other G7…Open