The 2015 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 18 March 2015.
_(St_Edwards_Crown).svg) | |
| Presented | Wednesday 18 March 2015 |
|---|---|
| Parliament | 55th |
| Party | Coalition government |
| Chancellor | George Osborne |
| Total revenue | £667 billion ($988 billion) |
| Total expenditures | £743 billion ($1.104 trillion) |
| Deficit | £76 billion ($113 billion, 4% of 2015 GDP) |
| Website | Budget 2015 documents |
|
‹ 2014 | |
It was the sixth and final budget of the Conservative–Liberal Democrat coalition government formed after the 2010 general election, and also the sixth to be delivered by Osborne.[1][2][3][4][5][6]
After the UK general election a second 2015 budget to be presented by Chancellor George Osborne was announced for 8 July 2015.[7]
Taxes
edit| Receipts | 2015-16 Revenues (£bn) |
|---|---|
| Income Tax | 170 |
| National Insurance | 113 |
| Value Added Tax (VAT) | 131 |
| Corporate Tax | 42 |
| Excise duties | 47 |
| Council Tax | 28 |
| Business rates | 28 |
| Other | 107 |
| Total Government revenue | 667 |
Spending
edit| Department | 2015-16 Expenditure (£bn) |
|---|---|
| Social protection | 232 |
| Health | 141 |
| Education | 99 |
| Debt interest | 35 |
| Defence | 45 |
| Public order and safety | 34 |
| Personal social services | 30 |
| Housing and Environment | 28 |
| Transport | 29 |
| Industry, agriculture and employment | 24 |
| Other | 48 |
| Total Government spending | 743 |
Supply-side reform
editSupply-side measures included digital infrastructure investment, transport, energy and environment and the sharing economy.[8]
References
edit- ^ "George Osborne's top five budget claims – and how they could be shot down". Guardian. 15 March 2015. Retrieved 18 March 2015.
- ^ "Budget 2015:live". BBC News. 18 March 2015. Retrieved 18 March 2015.
- ^ "Budget 2015:live". Guardian. 18 March 2015. Retrieved 18 March 2015.
- ^ "Budget 2015 – housing: Osborne promises first-time buyers 25% top-up to deposits". Independent. 18 March 2015. Retrieved 18 March 2015.
- ^ "Budget 2015 live: George Osborne cuts taxes for savers and introduces 'help-to-buy' Isa". Daily Telegraph. 18 March 2015. Retrieved 18 March 2015.
- ^ "Budget 2015: Full text of George Osborne's speech". Daily Telegraph. 18 March 2015. Retrieved 18 March 2015.
- ^ "George Osborne plans stability budget". BBC. 16 May 2015. Retrieved 18 May 2015.
- ^ H M Treasury, Budget 2015, published 18 March 2015, accessed 21 August 2022, pp. 94-100
External links
edit- 2015 United Kingdom budget at Gov.uk
- 2015 United Kingdom Budget at the Guardian