economy
Where are your taxes really going? Bombshell report lifts lid on Labour's 'benefits bazooka'
WATCH NOW: GB News debate Andy Burnham's refusal to rule out tax rises
TL;DR
- UK's national debt is approaching £3 trillion.
- Each UK adult owes an average of £52,000, with taxpayers owing £76,340.
- Almost 30% of taxes paid fund benefits.
- Spending on benefits is significantly higher than on health, education, defense, and law and order.
- Approximately 9.6% of spending last year was allocated to debt interest.
- The report suggests higher taxes are likely due to government spending and borrowing.