Thursday 2 May 2013

Corporate Welfare

Taken from HM Treasury's Public Expenditure Statistical Analysis, Table 5.3.

"Current grants to persons and non-profit making bodies" is mainly old age pensions and welfare payments plus a chunk for fake charities; "Pay" means public sector pay, 7 million people @ £25,000 each. And then they spend as much again on corporate welfare.

A special mention must go to the £28 billion "accounting adjustments":

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