UK finance industry (City) hypes its contribution to the economy.
Claims it paid £110.2bn tax. FALSE.
Income tax, employee NIC, VAT is borne by others.
Finance industry paid £48.3bn tax.
In a 15 year period, it made NEGATIVE £4,500bn contribution to economy.
https://leftfootforward.org/2024/12/the-government-shouldnt-pin-all-of-its-hopes-for-economic-growth-on-the-finance-industry/
Claims it paid £110.2bn tax. FALSE.
Income tax, employee NIC, VAT is borne by others.
Finance industry paid £48.3bn tax.
In a 15 year period, it made NEGATIVE £4,500bn contribution to economy.
https://leftfootforward.org/2024/12/the-government-shouldnt-pin-all-of-its-hopes-for-economic-growth-on-the-finance-industry/
Comments
https://medium.com/@tonygoldenps/the-genius-of-creativity-4faf239f45e2
You know what they say about wishing in one hand and shitting in another.
- 14,500 ( yes minus , negative )
Yet all I see is the people who created the system telling the scale of the problem and asking for more money?!
Absolutely missing the point