This week’s chart examines the main taxes in the UK, assessing the extent to which they can be seen as progressive or not.
Ahead of our webinar ‘Unearthing the Import of the Payment System’ with Natasha de Terán, we look at the extent to which cash is being replaced by other forms of payment.
Tax receipts were pummelled due to lower economic activity associated with the COVID pandemic. This chart highlights the development of notable duties that together help to highlight the effect of the pandemic on government income. Use the interactive chart to focus on specific duties.
Wayne Rooney decried that ‘[If] Manchester United or Man City need 30 per cent of their players’ wages to survive… then football is in a far worse position than any of us imagined.’.
Much as other industries including retail, aviation and automotive are making their case to the government for support following the pandemic, Universities UK has similarly petitioned government for a Coronavirus rescue package…
Despite the unprecedented and, as yet, incalculable, cost of government measures, the OBR have stated that ‘we can be confident that the cost of inaction would ultimately have been much higher.’.