Last updated: 9/9/2010 11:31:25 AM GMT

Budget 2010: Tax has doubled under Labour
Posted on March 20, 2010
Figures show that HMRC took £69bn out of salaries and pay packets in 1997, but expects to raise £134bn in 2010. National Insurance contributions (NICs) – a tax on income by another name – took less than £47bn out of pay 13 years ago, but will exceed £98bn in 2010, according to calculations by accountants Grant Thornton. Other taxes – such as stamp duty, council tax and capital gains tax (CGT) – have risen by even more.
    • E-mail this post | Comments (0)