The additional revenue allowed the Government to lower the income tax schedule substantially over the years (as well as offering many  BIS central bankers’ speeches  1  property-investment related tax concessions) and to increase social benefits and public spending generally.
(2018), “Taking back control of globalisation: Sovereignty through European integration”, op. cit. 8 See Maas, H. (2018), “Courage to stand up for Europe – #EuropeUnited”, speech at Pulse of Europe and the  Schwarzkopf Foundation Young Europe, 13 June. 3/3  BIS central bankers' speeches