Finally, Tax Statements on How Much We Pay People to Sit Around Eating Chips

He might have dithered a little over the 50p tax rate, but George Osborne has played a blinder over this morning’s proposals to offer a statement into personal tax spend by the Government. It’s always been somewhat ironic that pretty much ever single provider, from mobile to utilities, to banks, gives you a detailed breakdown of where your dosh is being blown – expect the Government.

Unsurprisingly, a fulltime worker on £25,200 a year sees an eye-watering £5,702.12 of their income go to the exchequer in direct taxation. Naturally, the biggest chunk of this goes on welfare at £1,900.71, followed by £992.91 for health and £743.26 for education.