2014 United Kingdom budget

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2014 (2014) United Kingdom budget
Royal Coat of Arms of the United Kingdom (HM Government).svg
Presented Wednesday 19 March 2014
Parliament 55th
Party Coalition government
Chancellor George Osborne
Total revenue £648 billion ($1.1 trillion) (39% of 2014 GDP)
Total expenditures £732 billion ($1.2 trillion) (42% of 2014 GDP)
Deficit £84 billion (5% of 2014 GDP)
Website Budget 2014 documents
2013
2015

The 2014 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 19 March 2014.

It was the fifth budget of the Conservative–Liberal Democrat coalition government formed after the 2010 general election, and also the fifth to be delivered by Osborne.[1][2][3][4]

Taxes

Receipts 2014-15 Revenues (£bn)
Income Tax 167
National Insurance 110
Value Added Tax (VAT) 111
Corporate Tax 41
Excise duties 47
Council Tax 27
Business rates 27
Other 118
Total Government revenue 648

Spending

Department 2014-15 Expenditure (£bn)
Social protection 222
Health 140
Education 98
Debt interest 53
Defence 38
Public order and safety 32
Personal social services 31
Housing and Environment 25
Transport 23
Industry, agriculture and employment 17
Other 53
Total Government spending 732

References

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External Links