Why is the UK broke?
Posted on 19 Aug 2021
ONS reveals the share of tax and benefits for rich and poor
With the Summer Budget just around the corner and the nation"s spending still way ahead of income many people wonder why the nation"s finances are in such a state? Well new figures from the ONS provide the answer.
Over half (51.5%) of British households received more in benefit from the State than they pay in taxes, according to the ONS, while the richest fifth of Britons pay 43.7% of the nation"s tax.
