IFS Green Budget
The Institute of Fiscal Studies (IFS) has published its ‘Green Budget’ today. It reveals that taxes have gone up by £40 billion since 1997. That is a total of £1,300 for every family in the country. Since 2005 Gordon Brown has announced £6 billion of new tax increases but what do we have to show for it? The NHS is in financial meltdown and our prisons are bursting at the seams. To make matters worse the IFS predicts that the tax burden will increase by £13 billion over the next five years – that is the equivalent of £422 for every household.
In his 10 budgets since becoming Chancellor Gordon Brown has shown an insatiable desire to raise taxes and has demonstrated little sympathy for average families who are already struggling under the burden of soaring fuel bills, interest rate rises and inflation.
Of course the Treasury has disputed the IFS’s findings stating the figures are ‘incorrect and that it is ridiculous to suggest families are worse off’. But the IFS is a highly respected body once described as ‘an institution that is rigorous in research, proudly impartial and objective in analysis’. The person that said that – Gordon Brown MP. We will find out in March if he has listened to their advice.
Posted in Gordon Brown on 31 January 2007 by David Ruffley
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