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Taxpayer Years

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http://www.thisislondon.co.uk/standard/article-23848414-taxpayer-years--a-brilliant-way-to-explain-the-true-cost-of-government.do

One of the best innovations in George Osborne's Budget was a striking new way of looking at the bewildering public spending figures.

Billions, millions, trillions — what are they, anyway? Who really comprehends the telephone number digits when ministers write cheque for their pet projects?

But in yesterday's speech the Chancellor had a brilliant new way of looking at the real cost of public money. It came in the passage revealing that a single London family is claiming £104,000 a year in housing benefit.

“The cost of that single award,” he said, “is equivalent to the total income tax and national insurance paid by 16 working people on median incomes”.

Consider that: no fewer than 16 hard-working men and women are toiling away full time to pay for one household of non-workers.

Mr Osborne is on to something. Median earnings stand at £26,000, meaning PAYE and NI bills of £6,200. You could call £6,200 a “taxpayer year” because it is the tax contribution from a full year's effort.

Suddenly all those adverts in the Guardian jobs pages take on their true meaning. The two “sustainability advisers — £28,626” for Bristol council today will cost more than eight taxpayer years to fund.

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http://www.thisislondon.co.uk/standard/article-23848414-taxpayer-years--a-brilliant-way-to-explain-the-true-cost-of-government.do

Mr Osborne is on to something. Median earnings stand at £26,000, meaning PAYE and NI bills of £6,200. You could call £6,200 a “taxpayer year” because it is the tax contribution from a full year's effort.

Suddenly all those adverts in the Guardian jobs pages take on their true meaning. The two “sustainability advisers — £28,626” for Bristol council today will cost more than eight taxpayer years to fund.

Not quite true as the govt will get a £6200 in taxes back + other taxes back per year.

So overall it might be about 4-6 taxpayer years to fund.

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Not quite true as the govt will get a £6200 in taxes back + other taxes back per year.

So overall it might be about 4-6 taxpayer years to fund.

but also there are office costs, employer insurance etc which would double that again

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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