Friday, March 30, 2007
WHERE YOUR MONEY GOES
This contains pie charts of where the government raises our taxes & where it goes all measured in billions of £s. Scotland's population is 8.6% of Britain's & our per capita GDP is about 10% lower so I have also included this (7.74% figure (7.74%). I wouldn't stand by this but it is probably a good ballpark figure, except , of course, for oil.
Where Taxpayers Money Comes From
Income tax £157 (£12.15)
National Insurance £ 95 (£7.35)
Excise £ 41 (£3.17)
Corporation Tax £ 50 (£3.87)
VAT £ 80 (£6.19)
Business Rates £ 22 (£1.7)
Council Tax £ 23 (£1.78)
Other (capital gains, stamp duty,
vehicle excise
£ 84 (£6.5)
TOTAL £553 (£42.8)
Total expenditure for Scotland for 2004-5 was £47.7 billion (£25.8 billion by Holyrood) c/o Brian Monteith's new book Paying the Piper so adding 10% for 2007 I assume £52.47 billion. The UK figure is £587 billion which puts our spending at 8.9% (somewhat higher but as I said I am taking no account of oil & certainly a far smaller deficit than the £50 billion the EU costs us).
Where Taxpayer's Money is Spent
Health £104 (£9.26)
Transport £ 20 (£1.78)
Education £ 77 (£6.85)
Defence £ 32 (£2.8)
Nat Debt Interest £ 30 (£2.67)
Industry, Agriculture, Employment & training
£ 21 (£1.87)
Public Order £ 33 (£2.94)
Housing £ 22 (£1.96)
Social Protection £161( (£14.3)
Other - public services, culture,
sport international development, civil servant
pensions etc £ 59 (£5.25)
Total £587 (£52.47)
Where Taxpayers Money Comes From
Income tax £157 (£12.15)
National Insurance £ 95 (£7.35)
Excise £ 41 (£3.17)
Corporation Tax £ 50 (£3.87)
VAT £ 80 (£6.19)
Business Rates £ 22 (£1.7)
Council Tax £ 23 (£1.78)
Other (capital gains, stamp duty,
vehicle excise
£ 84 (£6.5)
TOTAL £553 (£42.8)
Total expenditure for Scotland for 2004-5 was £47.7 billion (£25.8 billion by Holyrood) c/o Brian Monteith's new book Paying the Piper so adding 10% for 2007 I assume £52.47 billion. The UK figure is £587 billion which puts our spending at 8.9% (somewhat higher but as I said I am taking no account of oil & certainly a far smaller deficit than the £50 billion the EU costs us).
Where Taxpayer's Money is Spent
Health £104 (£9.26)
Transport £ 20 (£1.78)
Education £ 77 (£6.85)
Defence £ 32 (£2.8)
Nat Debt Interest £ 30 (£2.67)
Industry, Agriculture, Employment & training
£ 21 (£1.87)
Public Order £ 33 (£2.94)
Housing £ 22 (£1.96)
Social Protection £161( (£14.3)
Other - public services, culture,
sport international development, civil servant
pensions etc £ 59 (£5.25)
Total £587 (£52.47)
