Majority of Brits express tax dissatisfaction via financing study

Mon, 19 Mar 2007

More than nine in ten banking consumers feel let down by the government's tax regime, a financing website has revealed ahead of the chancellor's Budget announcement.

According to an online reader survey by The Motley Fool, 92 per cent of people believe they are not getting value for money from the taxes they pay at present.

Meanwhile, 90 per cent of respondents admitted that the contents of Gordon Brown's 11th Budget are either quite important or very important to their personal lives.

And it appears that possible council tax and inheritance tax reforms would be top of the nation's financing wish-lists, with these sharing top spot as the most disliked taxes in the UK.

"Most people accept that taxes are inevitable in a civilised society," commented David Kuo, head of personal finance at the financing website.

"But people want to see tangible benefits in return for the money they pay in the form of taxes."

The latest Budget is widely expected to be Gordon Brown's last as chancellor of the exchequer, with prime minister Tony Blair confirming last year that he will step down in 2007.

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