2014 United Kingdom budget
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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 following the 2010 general election, and also the fifth to be delivered by Osborne.
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 |
External links
- at Gov.uk