2014 United Kingdom budget

2014 (2014) United Kingdom budget
PresentedWednesday 19 March 2014
Parliament55th
PartyCoalition government
ChancellorGeorge Osborne
Total revenue£648 billion ($1.1 trillion) (39% of 2014 GDP)
Total expenditures£732 billion ($1.2 trillion) (42% of 2014 GDP)
Deficit£84 billion (5% of 2014 GDP)
WebsiteBudget 2014 documents
‹ 2013
2015›
Chancellor George Osborne delivering his Budget Statement

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 after the 2010 general election, and also the fifth to be delivered by Osborne.[1][2][3][4]

Taxes

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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

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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

References

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  1. ^ "George Osborne defends pensions overhaul". Guardian. 19 March 2014. Retrieved 20 March 2014.
  2. ^ "George Osborne unveils major pensions and savings shake-up". The Independent. 19 March 2014. Retrieved 20 March 2014.
  3. ^ "Budget 2014: savers placed at heart of Britain's economic recovery". Daily Telegraph. 19 March 2014. Retrieved 20 March 2014.
  4. ^ "Key points of Budget 2014: At-a-glance". BBC News. 19 March 2014. Retrieved 20 March 2014.
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