We all want a better education for our children, an improved National Health Service, a more efficient and reliable transport system, less congestion on the roads and to feel safer and more secure in our homes and when we walk the streets. So who has to foot the bill for all these services? The government, of course. And how does the government raise the revenues to meet this expenditure? Mainly by taxing income, wealth, production and imports as well as collecting social contributions from us. Any deficit from one year to the next is funded by borrowing.
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