March 2015 United Kingdom budget

2015 March (2015 March) United Kingdom budget
PresentedWednesday 18 March 2015
Parliament55th
PartyCoalition government
ChancellorGeorge Osborne
Total revenue£667 billion ($988 billion)
Total expenditures£743 billion ($1.104 trillion)
Deficit£76 billion ($113 billion, 4% of 2015 GDP)
WebsiteBudget 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

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

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

Supply-side measures included digital infrastructure investment, transport, energy and environment and the sharing economy.[8]

References

  1. ^ "George Osborne's top five budget claims – and how they could be shot down". Guardian. 15 March 2015. Retrieved 18 March 2015.
  2. ^ "Budget 2015:live". BBC News. 18 March 2015. Retrieved 18 March 2015.
  3. ^ "Budget 2015:live". Guardian. 18 March 2015. Retrieved 18 March 2015.
  4. ^ "Budget 2015 – housing: Osborne promises first-time buyers 25% top-up to deposits". Independent. 18 March 2015. Retrieved 18 March 2015.
  5. ^ "Budget 2015 live: George Osborne cuts taxes for savers and introduces 'help-to-buy' Isa". Daily Telegraph. 18 March 2015. Retrieved 18 March 2015.
  6. ^ "Budget 2015: Full text of George Osborne's speech". Daily Telegraph. 18 March 2015. Retrieved 18 March 2015.
  7. ^ "George Osborne plans stability budget". BBC. 16 May 2015. Retrieved 18 May 2015.
  8. ^ H M Treasury, Budget 2015, published 18 March 2015, accessed 21 August 2022, pp. 94-100