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  As we await Gideon's announcement this week, here's a cautionary tale of how successive Governments have managed to screw up a simple and progressive taxation system over the past quarter of a century :-
  
  https://next.ft.com/content/54a8c6ca-e62b-11e5-a09b-1f8b0d268c39
  
  State of play before budget
  
  National Debt £1.56 trillion (8% of UK government tax income being used JUST to pay the interest on this!)
  
  UK Deficit (how much more we spend each year than earn) £8.2 billion.
  
  So that's alright then, no need to panic!
  
  

  

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