TAXATION

While controversy surrounding the budget deficits in the NHS continues, and the quiet rejection by Labour of recent reports calling for better and fairer treatment of the elderly, a recent report by Ernst & Young highlights the extent to which Labour are plundering the economy.

The overall tax bill has increased by £219billion since Labour came to power. That is equivalent to £9,000 for every household. Tax revenues are expected to reach £490billion compared to £271billion in 1997.

In reference to the level of taxation, Peter Young of Ernst & Young commented:

‘It’s at an all-time high and we are hitting uncharted waters.’

Analysis by Grant Thornton has also revealed that revenue from income tax will be £145billion this year compared to £69billion in 1996-97. This is a 109% increase.

Yet still defence is being cut, and still the NHS is in a state of crisis, and still our old people are malnourished in care homes while the state seizes their houses.

This is socialism in practice.