Hello all, first time posting here, hope you can help ;-)
I have recently become interested in the UK government's policy of increasing the population to solve the future tax burdon for the pensions timebomb we hear so much about. It seems that their answer is to provide more people who will pay tax. They have announced their policy to increase the population, and they are providing incentives like Working Family Tax Credit and additional child-benefit to kick-start the programme.
To analyse this, I believe that there are certain statistics, showing trends for the last few years which I need to research. They are:
- What are the actual population figures?
- How many people claim income-based benefits (including Working Family Tax Credit), and what is the average amount claimed?
- How much does it cost the country to maintain an individual throughout his/her life? (By this I mean actual costs in road maintenance, food production, housing building programmes etc).
- On average, how much income-tax does an individual pay annually? (This average would need to include the entire population - including those who never pay tax, and include the years they are alive without earning).
- It also might be necessary to build another calculation which is based on population growth. Possibly something like... How much per person increase in population does the country need to invest to increase and improve essential services like public transport, schools, roads, council services etc. NOTE: This is not the same as maintenance costs as in [3] (above). This is the monetary investment increase to expand the services as required.
Now, the crux: Does anyone know where I could find these figures ? !
Also, for my analysis, is there any statistic which I may have forgotten to include here?
TIA
Howard.