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Meaningless figures are annoying..

I was reading an article that was claiming that UK business rates were no longer as favourable (compared to Europe) as they once were.. By way of illustration, the article then went on to say:

"The Treasury’s tax revenue from companies has increased by £50 billion in the last decade"

That is meaningless. It gives no indication of the baseline revenue in the first place - for all I know, £50bn might just represent in increase of 0.1%, which is far below inflation, which is therefore effectively a loss.

Secondly, even if this £50bn increase does beat inflation, we're given no indication as to what the overall European trend might be, or where we are now, relative to where we were before.

So well done for including absolutely no useful information.. *sigh*


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