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Where does my money go?

Tuesday, March 20, 2012
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It will be interesting to receive my personal statement spelling out exactly how much of my income is paid to the state and what it is being spent on! However for those wanting this information sooner than this, there is a great resource from the Guardian data team which shows you, on a sliding scale, exactly how much direct taxation you pay on your income and specifically where that money is spent.

This is an excellent resource for fiscal policy and useful to start debates about how and why the UK taxpayer is taxed and where the government should be spending the revenue received. There is no doubt that following Wednesday’s budget, the role of fiscal policy will take centre stage in Economics classrooms up and down the country - keep your eye out for some top analysis in the media over the next few days.




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