All facts and figures correct at the time of research
Front Cover
Public spending, 2012-13 £683,000,000,000
Per day £1,871,232,877
Per hour £77,968,037
Per minute £1,299,467
Per second £21,658
8 seconds £173,262
Page 2 (Income Tax Breakdown)
HMRC, Shares of total income (before and after tax) and income tax for percentile groups, 1999-00 to 2012-13, http://www.hmrc.gov.uk/statistics/tax-statistics/table2-4.xls
Page 3 (Your Real Tax Rate)
HMRC, Rates and Allowanceshttp://www.hmrc.gov.uk/rates/
Page 4 (Lifetime Tax)
TaxPayers' Alliance, Total Lifetime Tax, January 2012, http://www.taxpayersalliance.com/lifetimetax.pdf
Page 5 (Consumption Taxes)
ONS, The Effects of Taxes and Benefits on Household Income, 2010/11, June 2012, http://www.ons.gov.uk/ons/rel/household-income/the-effects-of-taxes-and-benefits-on-household-income/index.html
Page 6 (Fuel Tax)
Department of Energy and Climate Change, Tax component of unleaded petrol and diesel prices in EU27, July 2012, average of petrol and diesel combined, http://www.decc.gov.uk/media/viewfile.ashx?filepath=statistics/source/prices/qep511.xls&filetype=4&minwidth=true
Page 7 (Fuel Tax)
OECD Statistics Database, Comparative Tables, Property Tax Revenue as a percentage of GDP, 2010 http://stats.oecd.org/Index.aspx?QueryId=21699
Page 8 (Air Passenger Duty)
A Fair Tax on Flying, http://www.afairtaxonflying.org
Page 9 (Corporate Tax)
Cato Institute, Corporate Tax Competitiveness Rankings for 2012, 2012, page 2, http://www.cato.org/pubs/tbb/tbb_65.pdf
Page 10 (Property Tax)
OECD Statistics Database, Comparative Tables, Property Tax Revenue as a percentage of GDP, 2011, http://stats.oecd.org/Index.aspx?QueryId=21699
Page 11 (Cost of Collecting Tax)
TaxPayers’ Alliance/2020 Tax Commission, The Cost of Collecting Tax, 2012, http://www.taxpayersalliance.com/collectingtax.pdf
Page 12 (Tax Complexity)
OECD, Tax administration in OECD and selected non-OECD countries: Comparative information series, 2010, http://www.oecd.org/tax/taxadministration/47228941.pdf
Page 13 (Tax Complexity)
TaxPayers’ Alliance, The world’s fastest speaker reads the tax code, April 2011, http://www.taxpayersalliance.com/home/2011/04/video-worlds-fastest-speaker-uk-tax-legislation.html
[youtube http://www.youtube.com/watch?v=omg9rzf4GDM]
Page 14 (UK v OECD Spending)
OECD Economic Outlook, General Government Total Outlays, Economic Outlook Annex Tables, http://www.oecd.org/eco/economicoutlookanalysisandforecasts/Fiscal%20balances%20and%20Public%20Indebteness.xls
Page 15 (UK Regional Public Spending)
Centre for Economics and Business Research, The scale of subsidy between different regions/countries in the UK 2010-11 (% GDP), http://www.cebr.com/
Page 16 (Public v Private Expenditure)
2020 Tax Commission, 2012, page 41, http://2020tax.org/2020tc.pdf
Page 17 (Government Spending Breakdown)
HM Treasury, Budget 2012, page 7, http://cdn.hm-treasury.gov.uk/budget2012_complete.pdf
Page 18 (Public v Private sector pay)
Institute for Fiscal Studies, Green Budget 2012, Chapter 5, http://www.ifs.org.uk/budgets/gb2012/12chap5.pdf
Office for National Statistics, Estimating differences in public and private sector pay, 2012, http://www.ons.gov.uk/ons/dcp171776_261716.pdf
Page 19 (Long-term deficit projection)
Office for Budget Responsibility, Fiscal Sustainability Report, July 2012, http://budgetresponsibility.independent.gov.uk/fiscal-sustainability-report-july-2012/
Page 20 (EU 27 deficits)
Eurostat, Provision of deficit and debt data for 2011, April 2012, http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-23042012-AP/EN/2-23042012-AP-EN.PDF
Page 21 (Deficit forecast 2010/2012)
2010: HM Treasury, June Budget 2010, Table 1.3, http://cdn.hm-treasury.gov.uk/junebudget_complete.pdf
2012: Autumn Statement, December 2012, http://budgetresponsibility.independent.gov.uk/fiscal-sustainability-report-july-2012/
Page 22 (Public sector net debt)
2012: Office for Budget Responsibility, Fiscal Sustainability Report, July 2012, http://budgetresponsibility.independent.gov.uk/fiscal-sustainability-report-july-2012/
Page 23 (The Real National Debt)
Denham, M, The real national debt, TaxPayers’ Alliance, 2010, http://www.taxpayersalliance.com/realdebt.pdf
Page 24 (The Real National Debt)
Denham, M, The real national debt, TaxPayers’ Alliance, 2010, http://www.taxpayersalliance.com/realdebt.pdf
[youtube http://www.youtube.com/watch?v=jGAdzE13qMI]
Page 25 (Explicit vs Implicit debt)
Hagist, C.. Moog. S.. Raffelhuschen, B., & Vater, J. Public Debt and Demography – An International Comparison Using Generational Accounting, CESifo Dice Report 4/2009, 2009 (Sourced from 2020 Tax Commission, page 169, http://2020tax.org/2020tc.pdf
Page 26 (Debt interest vs departmental spending)
Education: Education resource DEL in real terms, Table 1.4, PESA 2012, http://www.hm-treasury.gov.uk/d/pesa_complete_2012.pdf
Debt interest: HM Treasury, Autumn Statement 2012, Table B.4, http://cdn.hm-treasury.gov.uk/autumn_statement_2012_complete.pdf
Page 27 (Net debt interest payments)
OECD Economic Outlook, http://www.oecd.org/eco/economicoutlookanalysisandforecasts/Fiscal%20balances%20and%20Public%20Indebteness.xls
Page 28 (Wasteful spending)
TaxPayers’ Alliance
Paintings for Parliament: http://www.taxpayersalliance.com/waste/2012/08/politicians-blow-thousands-pounds-posting-commemorative-portraits.html, http://www.taxpayersalliance.com/waste/2012/07/lords-spend-175000-art-offices.html
Essex County Council credit card spending: http://www.taxpayersalliance.com/bettergovernment/2012/06/essex-county-council-spend-5-million-nightclubs-pizzas-luxury-hotels-dvd-rentals.html
EU Barbados mission: http://www.taxpayersalliance.com/eu/2012/07/eu-outdo-230million-project-barbados.html
All facts and figures correct at the time of research
Front Cover
Public spending, 2012-13 £683,000,000,000
Per day £1,871,232,877
Per hour £77,968,037
Per minute £1,299,467
Per second £21,658
8 seconds £173,262
Page 2 (Income Tax Breakdown)
HMRC, Shares of total income (before and after tax) and income tax for percentile groups, 1999-00 to 2012-13, http://www.hmrc.gov.uk/statistics/tax-statistics/table2-4.xls
Page 3 (Your Real Tax Rate)
HMRC, Rates and Allowanceshttp://www.hmrc.gov.uk/rates/
Page 4 (Lifetime Tax)
TaxPayers' Alliance, Total Lifetime Tax, January 2012, http://www.taxpayersalliance.com/lifetimetax.pdf
Page 5 (Consumption Taxes)
ONS, The Effects of Taxes and Benefits on Household Income, 2010/11, June 2012, http://www.ons.gov.uk/ons/rel/household-income/the-effects-of-taxes-and-benefits-on-household-income/index.html
Page 6 (Fuel Tax)
Department of Energy and Climate Change, Tax component of unleaded petrol and diesel prices in EU27, July 2012, average of petrol and diesel combined, http://www.decc.gov.uk/media/viewfile.ashx?filepath=statistics/source/prices/qep511.xls&filetype=4&minwidth=true
Page 7 (Fuel Tax)
OECD Statistics Database, Comparative Tables, Property Tax Revenue as a percentage of GDP, 2010 http://stats.oecd.org/Index.aspx?QueryId=21699
Page 8 (Air Passenger Duty)
A Fair Tax on Flying, http://www.afairtaxonflying.org
Page 9 (Corporate Tax)
Cato Institute, Corporate Tax Competitiveness Rankings for 2012, 2012, page 2, http://www.cato.org/pubs/tbb/tbb_65.pdf
Page 10 (Property Tax)
OECD Statistics Database, Comparative Tables, Property Tax Revenue as a percentage of GDP, 2011, http://stats.oecd.org/Index.aspx?QueryId=21699
Page 11 (Cost of Collecting Tax)
TaxPayers’ Alliance/2020 Tax Commission, The Cost of Collecting Tax, 2012, http://www.taxpayersalliance.com/collectingtax.pdf
Page 12 (Tax Complexity)
OECD, Tax administration in OECD and selected non-OECD countries: Comparative information series, 2010, http://www.oecd.org/tax/taxadministration/47228941.pdf
Page 13 (Tax Complexity)
TaxPayers’ Alliance, The world’s fastest speaker reads the tax code, April 2011, http://www.taxpayersalliance.com/home/2011/04/video-worlds-fastest-speaker-uk-tax-legislation.html
[youtube http://www.youtube.com/watch?v=omg9rzf4GDM]
Page 14 (UK v OECD Spending)
OECD Economic Outlook, General Government Total Outlays, Economic Outlook Annex Tables, http://www.oecd.org/eco/economicoutlookanalysisandforecasts/Fiscal%20balances%20and%20Public%20Indebteness.xls
Page 15 (UK Regional Public Spending)
Centre for Economics and Business Research, The scale of subsidy between different regions/countries in the UK 2010-11 (% GDP), http://www.cebr.com/
Page 16 (Public v Private Expenditure)
2020 Tax Commission, 2012, page 41, http://2020tax.org/2020tc.pdf
Page 17 (Government Spending Breakdown)
HM Treasury, Budget 2012, page 7, http://cdn.hm-treasury.gov.uk/budget2012_complete.pdf
Page 18 (Public v Private sector pay)
Institute for Fiscal Studies, Green Budget 2012, Chapter 5, http://www.ifs.org.uk/budgets/gb2012/12chap5.pdf
Office for National Statistics, Estimating differences in public and private sector pay, 2012, http://www.ons.gov.uk/ons/dcp171776_261716.pdf
Page 19 (Long-term deficit projection)
Office for Budget Responsibility, Fiscal Sustainability Report, July 2012, http://budgetresponsibility.independent.gov.uk/fiscal-sustainability-report-july-2012/
Page 20 (EU 27 deficits)
Eurostat, Provision of deficit and debt data for 2011, April 2012, http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-23042012-AP/EN/2-23042012-AP-EN.PDF
Page 21 (Deficit forecast 2010/2012)
2010: HM Treasury, June Budget 2010, Table 1.3, http://cdn.hm-treasury.gov.uk/junebudget_complete.pdf
2012: Autumn Statement, December 2012, http://budgetresponsibility.independent.gov.uk/fiscal-sustainability-report-july-2012/
Page 22 (Public sector net debt)
2012: Office for Budget Responsibility, Fiscal Sustainability Report, July 2012, http://budgetresponsibility.independent.gov.uk/fiscal-sustainability-report-july-2012/
Page 23 (The Real National Debt)
Denham, M, The real national debt, TaxPayers’ Alliance, 2010, http://www.taxpayersalliance.com/realdebt.pdf
Page 24 (The Real National Debt)
Denham, M, The real national debt, TaxPayers’ Alliance, 2010, http://www.taxpayersalliance.com/realdebt.pdf
[youtube http://www.youtube.com/watch?v=jGAdzE13qMI]
Page 25 (Explicit vs Implicit debt)
Hagist, C.. Moog. S.. Raffelhuschen, B., & Vater, J. Public Debt and Demography – An International Comparison Using Generational Accounting, CESifo Dice Report 4/2009, 2009 (Sourced from 2020 Tax Commission, page 169, http://2020tax.org/2020tc.pdf
Page 26 (Debt interest vs departmental spending)
Education: Education resource DEL in real terms, Table 1.4, PESA 2012, http://www.hm-treasury.gov.uk/d/pesa_complete_2012.pdf
Debt interest: HM Treasury, Autumn Statement 2012, Table B.4, http://cdn.hm-treasury.gov.uk/autumn_statement_2012_complete.pdf
Page 27 (Net debt interest payments)
OECD Economic Outlook, http://www.oecd.org/eco/economicoutlookanalysisandforecasts/Fiscal%20balances%20and%20Public%20Indebteness.xls
Page 28 (Wasteful spending)
TaxPayers’ Alliance
Paintings for Parliament: http://www.taxpayersalliance.com/waste/2012/08/politicians-blow-thousands-pounds-posting-commemorative-portraits.html, http://www.taxpayersalliance.com/waste/2012/07/lords-spend-175000-art-offices.html
Essex County Council credit card spending: http://www.taxpayersalliance.com/bettergovernment/2012/06/essex-county-council-spend-5-million-nightclubs-pizzas-luxury-hotels-dvd-rentals.html
EU Barbados mission: http://www.taxpayersalliance.com/eu/2012/07/eu-outdo-230million-project-barbados.html