3 ms·
I think today it has more to do with the UK having low tax as a percentage of GDP, and therefore has less money to spend on infrastructure. Here's how the UK ra
by abainbridge 8y ago
I think today it has more to do with the UK having low tax as a percentage of GDP, and therefore has less money to spend on infrastructure. Here's how the UK ranks compared to other European countries:
Norway 54.8%, Finland 54.2%, Denmark 50.8%, Sweden 49.8%, Belgium 47.9%, France 47.9%, Germany 44.5%, Italy 43.5%, Austria 42.7%, Bosnia and Herzegovina 41.2%, Iceland 40.4%, Netherlands 39.8%, Slovenia 39.3%, Cyprus 39.2%, Hungary 39.1%, Greece 39.0%, Spain 37.3%, Portugal 37.0%, Croatia 36.7%, Luxembourg 36.5%, Czech Republic 36.3%, Malta 35.2%, UK 34.4%.
Source: https://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_to_GDP_ratio https://en.wikipedia.org/wiki/List_of_countries_by_tax_reven...