Yes and VAT was 8% then 12.5% we have shifted the burden to regressive indirect taxes and NI which affects employers and the less well paid more heavily. 98% was investment income only.
We tend to look at these things in isolation, the tax burden has grown across 'advance economies'. In 2021 the UK Tax burden as a %age of GDP was 23rd of the 34 'advanced economies'. IMO if the UK we were capable of grown up thinking we would raise the tax burden - ours is 5%+ less that the EU 14 average. Then we might be able to afford a sensible increase in defence spending.
The big burdens are the NHS, Welfare and Pensions. The NHS and Social Care are desperately in need of reform but our politcos think they are better off using them as political footballs than seeking the consensus required.
The sole duties of government - internal and external security account for less than 10% of spending.
Tax summary description Description of PESA source
Public Sector Expenditure 2021-2022
Health 22.8%
Welfare ‘Social Protection’ excluding state pensions 20.4%
State Pensions Within ‘Social Protection’ 11.0%
Education 10.5%
National Debt Interest Within General Public Services 7.6%
Business & Industry Economic Affairs, without Transport 5.4%
Defence 5.1%
Transport Economic Affairs, without Business and Industry 4.7%
Public Order & Safety Public Order & Safety 4.4%
Government Administration Captured under General Public Services 2.3%
Housing and utilities (e.g. street lights) Housing & Community Amenities 15.3 1.6%
Environment protection 1.5%
Culture (e.g. sports, libraries, museums) Recreation, Culture & Religion 1.3%
Outstanding payments to the EU includes the European Union Financial Settlement payments 0.7%
Overseas Aid Captured under General Public Services 0.6%
