The government raises and spends more than £1 trillion a year, external. A trillion is £1,000bn, or a one with 12 zeroes.
The next two biggest earners are VAT, which is paid on many purchases, and National Insurance (NI), which is another tax levied on people’s earnings.
The government raises and spends more than £1 trillion a year, external. A trillion is £1,000bn, or a one with 12 zeroes.
The next two biggest earners are VAT, which is paid on many purchases, and National Insurance (NI), which is another tax levied on people’s earnings.
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