Interesting fact in this Nick Robinson doc: cut in government university funding roughly equals the amount spent on winter fuel allowance. (given to all pensioners even millionaires 88% of them don't need it)
- What about wars ? - it was strange he didn't mention the cost of them, nor go into bank rescue finances .. which is complex & not as much as people think but still significant
- I checked defence is 8% of government. Thats not much as pensions cost 3 times more.
- What about Death duties ? - government could raise them surely ..currently raises £3bn/year
Total Govt Spending in 2010 £703.4 billion
(of which Pensions/benefits £129.3 billion)
£67bn State Pensions,
£21bn Housing Benefit
£19Bn to disability
£10Bn income support + dole
- This contradicts most peoples view that it's dole scroungers who get all the money, maybe their Housing Benefit is twice that , but
Pensions cost more than all other benfits combined at more than 50% of benefit total
Other Gov Spending 2009
Health Care £123.8 billion
Education £93.3 billion
Defence £47.2 billion
Main Govt Income
£25bn Council tax
£105bn National Insurance
£155bn Income Tax
..what about North Sea oil revenue ? only £7bn , but what about fuel taxes ?
fuel duty £26bn
Petrol revenue is £2.7bn (both included in duties above)
- So Oil energy revenues are at least £36bn, but it's not like Saudi. The UK should have invested in the oil boom times to provide a revenue for today like Kuwait does.