March 2015 United Kingdom budget

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2015 March (2015 March) United Kingdom budget
Royal Coat of Arms of the United Kingdom (HM Government).svg
PresentedWednesday 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.

Contents

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

Receipts2015-16 Revenues (£bn)
Income Tax170
National Insurance113
Value Added Tax (VAT)131
Corporate Tax42
Excise duties47
Council Tax28
Business rates28
Other107
Total Government revenue667

Spending

Department2015-16 Expenditure (£bn)
Social protection232
Health141
Education99
Debt interest35
Defence45
Public order and safety34
Personal social services30
Housing and Environment28
Transport29
Industry, agriculture and employment24
Other48
Total Government spending743

Supply-side reform

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

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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