Labour’s Rachel Reeves signaled that the new British government plans record tax rises on the wealthy and on business.
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Is £40b a lot?
It’s about 20 cricket pitches.
Take what you know and multiple. Nice.
Annual government spending was about 1.2 trillion last year, so it’s about 3.5% of that. Alternatively it’s about 30% of last year’s deficit
It’s more than I have in my bank account if that helps.