This year the figure will stand at £37bn, then £31bn, £30bn, £27bn, £27bn and £24bn in the following years.
In percentages of GDP the figures will be 3.4%, 2.6, 2.4, 2.1, 1.9 and 1.7.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements