§ The Government's clear policy has always been to shift the burden of taxation, over time, from income to spending. This reflects the Government's underlying political philosophy — that people should be allowed to keep as much of their own money as possible. Provided the less well-off are helped, it is fairer and less damaging to the economy to tax people on how much they spend and consume than on the work they do.
§ In line with this policy, even in a very difficult year, I have been able to avoid any increase in income tax rates. But to do this I have had to raise further revenue from indirect taxation. Let me start with the excise duties.
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cc938-9
- ROAD FUEL DUTY AND VEHICLE EXCISE DUTY 320 words c939
- TOBACCO 127 words cc939-40
- WINE, BEER AND SPIRITS 808 words