Sources of government revenue, 2012-13 forecasts*
[Revenue (£bn) / Percentage of total receipts.]
Value Added Tax-102.0 /17.2
Fuel duties- 27.3/ 4.6
Tobacco duties- 9.8/ 1.7
Alcohol duties- 10.6/ 1.8
Betting and gaming duties- 1.7/ 0.3
Vehicle excise duty- 5.9/ 1.0
Air passenger duty- 2.9 /0.5
Insurance premium tax-2.9/ 0.5
Not to over complicate things: The above sums to nearly 28% of the tax take, with no discounting for the unemployed. There is little point in going through the whole range of business tax receipts as Breweries, Distillers, various SMEs and many other businesses would lose revenue through the disbarment of those in receipt of any benefits from the purchase of any commodity accruing tax liabilities. Not to mention the concomitant shortfall in Income tax (25.5%) and National Insurance (17.9%).
Wherever there is fun to be had fun shall be had.
As with the plonkers of Belgium, and their fans over here, nothing that they say or do is focussed upon growth. What grips them and what drives their enthusiasm for scapegoating the poor, is the dread that what they accrued during the era of shameless greed, ironically known as the Gordon Brown years, may have to be risked to get the World Economy returned to rude health. If there is one thing sure to get the
haves hopping mad is having one foot in the grave.
*
http://www.ifs.org.uk/bns/bn09.pd