A research shows that the UK coalition government will have increased taxes 300 times by 2015.
Taxes will have been increased nearly 300 times by the coalition government before its term of office ends in 2015, a new research shows.
According to a review carried out by the Taxpayers Alliance (TPA), the Tor-led government has implemented or planned 299 separate tax rises but only 119 separate tax cuts. This means that the UK government has been responsible for 180 more tax rises than tax cuts since it came to power.
The research also calculated that the amount of tax paid in Britain would soar by 15 percent in real terms by 2015-16.
“Families are struggling to bear an increasingly heavy tax burden. High taxes kill jobs, depress wages and increase prices. With nearly 300 tax rises since the Government came to power, it is no wonder everyone is feeling squeezed,” said TPA chief executive Matthew Sinclair.
Sinclair also warned that a decade of tax increases, rather than tax cuts caused a crisis in public finances.
The TPA said the full tax take would go from £513 billion in 2009-10 to £671 billion in 2015-16. Adjusted to 2012-13 prices, the increase was from £549 billion to £633 billion.
BGH/SSM/HE
