A brief quiz on the growth of the state, how that growth was funded and our future. I will follow this up next week.
How the state has grown
Source: How Should Britain’s Government Spending and Tax Burdens be Measured?, 10 June 2009, David B. Smith, IEA
How the Pound has been devalued
Source: Consumer Price Inflation since 1750, Jim O‘Donoghue and Louise Goulding Office for National Statistics and Grahame Allen, House of Commons Library
Update: In response to Ricardo's Ghost, here's the chart with a log scale, from the same paper:
