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Economics and the 2008 crisis: a Keynesian view
Economics and the 2008 crisis: a Keynesian view

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6.5 Government revenue and taxation

This section examines the income side of the public sector accounts. The main source of income for the government is the collection of taxes, which in the tax year 2012–13 was estimated to make up 36.1% of GDP in the UK (Office for Budget Responsibility, 2012, p. 100).