Budget: 'Personal Statement' Plan For Taxpayers

Every taxpayer is to receive a personal statement detailing exactly how much of their income is paid to the state - and what it is being spent on.

Chancellor George Osborne is expected to use his Budget on Wednesday to unveil plans to issue annual personal tax statements from 2014-15.

Specimen statements prepared by the Treasury show someone on £25,200 a year has £5,702.12 of their income taken in direct taxation.

Of that, £1,900.71 is spent on welfare, £992.91 on health and £743.26 on education.

Interest payments on the national debt account for £363.12, with £329.08 for defence and £153.19 for the police.

Overseas aid gets £56.74 while £28.37 goes towards the cost of Britain's contribution to the European Union.

Prime Minister David Cameron earlier outlined plans today to boost Britain's airport capacity and attract private money to improve the road network.

Speaking ahead of a Budget in which Mr Osborne will have little spare cash for investment, the Prime Minister said he wanted to look "urgently" at private-sector options - which could involve tolls for new roads.

He also revived speculation about a new " Boris island " airport in the Thames estuary, saying the Government's aviation review will look at the pros and cons of the idea, heavily promoted by London Mayor Boris Johnson.

Mr Cameron's comments came shortly after a meeting of the so-called Quad of senior Tory and Liberal Democrat ministers to put the final touches to Wednesday's Budget.

Reports suggested that the group - the Prime Minister and Chancellor, Deputy Prime Minister Nick Clegg and Treasury Chief Secretary Danny Alexander - may have approved a cut in the 50p income tax rate paid by those earning above £150,000, perhaps to 45p.

Lib Dem deputy leader Simon Hughes fuelled suggestions that the coalition's junior partners have accepted a reduction in the top rate, saying that the Lib Dems were not committed to "hanging on" to the 50p figure.

Labour leader Ed Miliband accused the Government of being more interested in cutting taxes for the rich than helping "hard-pressed families".