Below is the text of Mr Major’s written Parliamentary Answer on GDP (Taxation) on 14th November 1988.
Mr. Ralph Howell To ask the Chancellor of the Exchequer what percentage of the gross domestic product taxation represented in 1970, 1979, 1984 and 1988.
Mr. Major Information for 1988 is not yet available. Figures for other years are as follows:
Year | Taxes as percentage of GDP (1)
(1) Taxes cover taxes on income, expenditure (including local authority rates) and capital. GDP is GDP(A) at market prices.