HC Deb 23 April 1903 vol 121 cc237-8

Of this revenue of £151,552,000, a sum of £129,933,000 represents the proceeds of taxation, and, if we want to arrive at the total proceeds of taxation, we must add to this the amount of revenue assigned to local authorities, which I have already stated to amount to £9,767,000, bringing the aggregate up to £139,700,000. It is a record amount, and one which I hope from the bottom of my heart will remain a record amount. It means that we emerge from the war with a burden of £3 6s. 7d. per head of the population. The burden was high enough, Heaven knows, but at all events we emerged with a less heavy burden than was laid upon us at the conclusion of the great French war, one which we are much better able to bear. In 1815, when peace was re-established with France, the burden on the British taxpayer was equal to £3 16s. per head. The Committee may be interested to know how much of this enormous sum of £139,700,000 was raised by indirect taxation which, though it falls on the community at large, is more particularly felt by the poorer classes, and how much by direct taxation, which falls almost exclusively on the better-to-do. We must first, however, eliminate the coal duty, which produces £2,000,000, but falls under neither of those heads. So we have to deal with a total of £137,700,000 which represents a burden of £3 5s. 8d. per head of the population. Of the total taxation £65,330,000 was raised by indirect taxation, entailing a burden of £1 14s. 6d. per head that is to say 47.5 per cent. has to be set down to indirect taxation, and 52.5 per cent. to direct taxation.