Eco taxes going down in the UK!

I came across a shocking statistic today: environmental taxes are decreasing in the UK!

The total revenue has risen slower than inflation between 1999 and 2008; from around £32.6bn in 1999 to £38.5bn in 2008. If it had grown with inflation over that period it would have stood at £41.4bn in 2008.

As a percentage of GDP over that period it fell from 3.5% to 2.7%. As a percentage of the total taxes and social contributions in the UK, it has also fallen behind. In 99 it peaked at 9.7% of total tax revenue, then fell to 7.2% in 2008.

Environmental taxes made up a lower share of our economy and tax revenue than at any time since 1993, when the ONS records begin. So much for shifting the tax burden from income to environmental damage!

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2 thoughts on “Eco taxes going down in the UK!

  1. [...] This post was mentioned on Twitter by GreenFeed, Tom Chance. Tom Chance said: Ten years of Labour, but eco-taxes are lower than they were even in 1993! http://bit.ly/cSzZQq [...]

  2. [...] are evil, just that apparently the TaxPayers’ Alliance are talking out of their arse again. Tags conservatives, economics, equality, Politics Categories [...]

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