March 2017 United Kingdom budget

2017 (2017) United Kingdom budget
Presented Wednesday 8 March 2017
Parliament 56th
Party Conservative Party
Chancellor Philip Hammond
Total revenue £744 billion
Total expenditures £802 billion
Deficit £58 billion (2.9% of GDP)
Website
‹ 2016
October 2017 ›

The March 2017 United Kingdom budget was delivered by Philip Hammond, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 8 March 2017. The last budget to be held in the spring, it was Hammond's first as Chancellor of the Exchequer since being appointed to the role in July 2016.[1]

2017–18 taxes and spending

Taxes

Receipts 2017-2018 revenues (£ billions).[2]
Income Tax 175
Value Added Tax (VAT) 143
National Insurance 130
Corporate Tax 52
Excise duties 48
Council Tax 32
Business rates 30
Other 134
Total Government revenue 744

Spending

Department 2017-2018 Expenditure (£ billions).[3]
Social protection 245
Health 149
Education 102
Defence 48
Debt interest 46
Housing and Environment 36
Transport 37
Public order and safety 34
Personal social services 32
Industry, agriculture and employment 23
Other 50
Total Government spending 802

References

  1. ↑ "Budget 2017: Philip Hammond faces row over tax rises for self-employed - as it happened". Guardian. 8 March 2017. Retrieved 29 June 2017.
  2. ↑ HM Treasury, "Government spending and revenue: Chart 2: Public sector receipts 2016-17", in HM Treasury, Spring Budget 2017 (pdf), London: HMSO, p. 8, ISBN 9781474140973.
  3. ↑ HM Treasury, "Government spending and revenue: Chart 2: Public sector spending 2017-18", in HM Treasury, Spring Budget 2017 (pdf), London: HMSO, p. 8, ISBN 9781474140973.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.