The Government's Tax Yield and Spend
The Government expect to receive £545 billion (estimated on Budget Day at £575 billion).
The receipts are estimated to be received as follows:
| |
12 March 2008 |
24 November 2008 |
| |
£ billion |
£ billion |
| Income tax |
155 |
157 |
| National insurance |
105 |
98 |
| VAT |
84 |
83 |
| Corporation tax |
51 |
45 |
| Excise duties |
39 |
42 |
| Business rates |
24 |
23 |
| Council tax |
25 |
25 |
| Other taxes, royalties etc |
92 |
72 |
| Total |
623 |
545 |
The Government expect to spend £623 billion (estimated on Budget Day at £618 billion). The expenditure is estimated to be spent as follows:
| |
12 March 2008 |
24 November 2008 |
| |
£ billion |
£ billion |
| Social protection |
169 |
173 |
| Health |
111 |
111 |
| Education |
82 |
83 |
| Defence |
23 |
36 |
| Housing & environment |
33 |
24 |
| Industry, agriculture, employment & training |
22 |
19 |
| Personal social services |
27 |
27 |
| Transport |
21 |
21 |
| Public order & safety |
33 |
33 |
| Debt interest |
31 |
34 |
| Other |
66 |
62 |
| Total |
618 |
623 |