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To: Scumbria who wrote (129671)	3/10/2001 2:26:57 PM
From: John Walliker	Respond to of 186894

Scumbria, I received from very bad news out of the UK last week... What tax cut did you have in mind - there have been so many tax increases recently (substantial, but well hidden). The $1.6 trillion one. How can the UK have a $1.6 trillion tax cut when the governments total income is only about $600 billion? Perhaps there is less to worry about than you thought in the UK. "Total public spending is expected to be around £394 billion next year, around £6,500 for every man, woman and child in the UK. It is set to rise to £418 billion in 2002-03 and £443 billion in 2003-04. ... Total receipts £398 billion 1 Includes capital taxes, stamp duties, vehicle excise duties and some other tax and non-tax receipts (e.g. interest and dividends). Source: HM Treasury, 2001-02 figures following Budget 2001" from: hm-treasury.gov.uk John