[box type=”info” align=”” class=”” width=””]by Martin Armstrong, May 24, 2018[/box]
The UK government spent £711 billion of taxpayers’ money last year, but where did it all go? The largest share, at almost a quarter, went on ‘welfare’, with a total sum of £173 billion. Next up was ‘health’ with £144 billion being spent. For those concerned about the cost of EU membership, the figure at the bottom of the chart will be interesting. £4.7 billion pounds went towards maintaining the Union budget. Although this sounds like a large amount, it only actually accounted for 0.7 percent of the total spend.
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