March 2015 United Kingdom budget
_(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 | |
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.
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
[edit]Supply-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
