Government figures show we paid £115bn in tax and national insurance in 1996-97, while this tax year, 2006-07, the Revenue expects to collect more than double that, at £234bn an increase of £119bn.
But new research ahead of Mr Brown's 11th Budget shows how savers have suffered more than most. Few people understood what Mr Brown was doing when he stripped pension funds of their tax-free status in his very first Budget in 1997, but the effects are plain to see in the table on this page. A typical private sector pension saver retiring today now gets less than a quarter of the retirement income they would have received if they retired before Mr Brown became Chancellor.
When will you be able to retire?
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The Pensions Destroyer and other well know facts.
