Personal Finance

46% of taxes are being 'misused'

Britons think that nearly half of their taxes are not being spent wisely by the Government and the economy is in bad shape, according to a poll.

The BBC World Service global poll, conducted by public opinion research company GlobeScan/PIPA, concluded that the British public believes 46% of taxes are being misused, while 58% think the economy will get worse in the next year.

However, the research also suggests Britain is not just a nation of complainers as 36% are willing to pay more tax to cut the budget deficit, while 60% support the Government's attempts to reduce the deficit - a higher level of support than any other European nation.

But while 37% of Britons felt that financial help should be made available to banks, 40% strongly oppose further bail-outs, and 51% back an increase in government regulation of the economy.

A total of 69% of Britons agreed with neighbouring European countries that basic food items should be made cheaper through subsidy.

Doug Miller, chairman of GlobeScan, said: "As countries struggle to achieve economic recovery, citizens want more active government, but also more effective government intervention in the economy to meet the needs of citizens, including stabilising food prices."

Sam Jackson

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