March 2015 United Kingdom budget: Difference between revisions

2015 March (2015 March) United Kingdom budget
Presented	Wednesday 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 July 2015›

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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

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

External links

2015 United Kingdom budget at Gov.uk
2015 United Kingdom Budget at the Guardian

[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

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@@ Line 1: / Line 1: @@
+{{Short description|none}}
 {{Infobox Government Budget
 | title = United Kingdom budget
-| year = 2015
+| year = 2015 March
 | country = United Kingdom
 | previous_budget = 2014 United Kingdom budget
 | previous_year =  2014
-| next_budget = 2016 United Kingdom budget
+| next_budget = July 2015 United Kingdom budget
-| next_year = 2016
+| next_year = July 2015
 | image = Royal Coat of Arms of the United Kingdom (HM Government).svg
 | imagesize = 200px
@@ Line 15: / Line 16: @@
 | presented = Wednesday 18 March 2015
 | passed =
-| parliament = [[List of MPs elected in the United Kingdom general election, 2010|55th]]
+| parliament = [[List of MPs elected in the 2010 United Kingdom general election|55th]]
-| party = [[Cameron ministry|Coalition government]]
+| party = [[Cameron–Clegg coalition|Coalition government]]
 | chancellor = [[George Osborne]]
-| Total_Revenue =
+| Total_Revenue =  £667 billion ($988 billion)
-| Total_Expenditures =
+| Total_Expenditures = £743 billion ($1.104 trillion)
 | spending =
 | tax_cut =
 | debt_payment =
 | surplus =
-| deficit =
+| deficit = £76 billion ($113 billion, 4% of 2015 GDP)
 | debt =
 | bill =
 | bill_link =
@@ Line 35: / Line 36: @@
 The '''2015 United Kingdom budget''' was delivered by [[George Osborne]], the [[Chancellor of the Exchequer]], to the [[House of Commons of the United Kingdom|House of Commons]] on Wednesday, 18 March 2015.
-It was the sixth and final budget of the [[Cameron ministry|Conservative–Liberal Democrat coalition government]] formed after the [[United Kingdom general election, 2010|2010 general election]], and also the sixth to be delivered by Osborne.<ref>{{citeweb|url= http://www.theguardian.com/politics/2015/mar/14/osborne-budget-speech-economy-growth-deficit|title= George Osborne’s top five budget claims – and how they could be shot down|date=15 March 2015|work= Guardian|accessdate=18 March 2015}}</ref><ref>{{citeweb|url= http://www.bbc.com/news/live/business-31874987|title= Budget 2015:live|date=18 March 2015|work= BBC News|accessdate=18 March 2015}}</ref><ref>{{citeweb|url= http://www.theguardian.com/politics/live/2015/mar/18/budget-2015-george-osborne-pre-election-windfall-inheritance-tax-live-updates|title= Budget 2015:live|date=18 March 2015|work= Guardian |accessdate=18 March 2015}}</ref><ref>{{citeweb|url= http://www.independent.co.uk/news/uk/politics/budget-2015--housing-deposit-subsidies-osbornes-giveaways-aim-to-outflank-labour-10116785.html|title= Budget 2015 – housing: Osborne promises first-time buyers 25% top-up to deposits|date=18 March 2015|work= Independent|accessdate=18 March 2015}}</ref><ref>{{citeweb|url= http://www.telegraph.co.uk/finance/budget/11477760/budget-2015-live.html|title= Budget 2015 live: George Osborne cuts taxes for savers and introduces 'help-to-buy' Isa|date=18 March 2015|work= Daily Telegraph|accessdate=18 March 2015}}</ref><ref>{{citeweb|url=http://www.telegraph.co.uk/finance/budget/11480319/Budget-2015-Full-text-of-George-Osbornes-speech.html |title= Budget 2015: Full text of George Osborne's speech|date=18 March 2015|work= Daily Telegraph|accessdate=18 March 2015}}</ref>
+It was the sixth and final budget of the [[Cameron–Clegg coalition|Conservative–Liberal Democrat coalition government]] formed after the [[2010 United Kingdom general election|2010 general election]], and also the sixth to be delivered by Osborne.<ref>{{cite web|url= https://www.theguardian.com/politics/2015/mar/14/osborne-budget-speech-economy-growth-deficit|title= George Osborne's top five budget claims – and how they could be shot down|date=15 March 2015|work= Guardian|accessdate=18 March 2015}}</ref><ref>{{cite web|url= https://www.bbc.com/news/live/business-31874987|title= Budget 2015:live|date=18 March 2015|work= BBC News|accessdate=18 March 2015}}</ref><ref>{{cite web|url= https://www.theguardian.com/politics/live/2015/mar/18/budget-2015-george-osborne-pre-election-windfall-inheritance-tax-live-updates|title= Budget 2015:live|date=18 March 2015|work= Guardian |accessdate=18 March 2015}}</ref><ref>{{cite web|url= https://www.independent.co.uk/news/uk/politics/budget-2015--housing-deposit-subsidies-osbornes-giveaways-aim-to-outflank-labour-10116785.html|title= Budget 2015 – housing: Osborne promises first-time buyers 25% top-up to deposits|date=18 March 2015|work= Independent|accessdate=18 March 2015}}</ref><ref>{{cite web|url= https://www.telegraph.co.uk/finance/budget/11477760/budget-2015-live.html|title= Budget 2015 live: George Osborne cuts taxes for savers and introduces 'help-to-buy' Isa|date=18 March 2015|work= Daily Telegraph|accessdate=18 March 2015}}</ref><ref>{{cite web|url=https://www.telegraph.co.uk/finance/budget/11480319/Budget-2015-Full-text-of-George-Osbornes-speech.html |title= Budget 2015: Full text of George Osborne's speech|date=18 March 2015|work= Daily Telegraph|accessdate=18 March 2015}}</ref>
+After the UK general election a [[July 2015 United Kingdom budget|second 2015 budget]] to be presented by Chancellor George Osborne was announced for 8 July 2015.<ref>{{cite web|url=https://www.bbc.co.uk/news/uk-politics-32761566|title=George Osborne plans stability budget|date=16 May 2015|work= BBC|accessdate=18 May 2015}}</ref>
+==Taxes==
+{| class="wikitable sortable"
+|-
+! Receipts
+! style="text-align: right" | 2015-16 Revenues (£bn)
+|-
+| Income Tax
+| style="text-align: right" | 170
+|-
+| National Insurance
+| style="text-align: right" | 113
+|-
+| Value Added Tax (VAT)
+| style="text-align: right" | 131
+|-
+| Corporate Tax
+| style="text-align: right" | 42
+|-
+| Excise duties
+| style="text-align: right" | 47
+|-
+| Council Tax
+| style="text-align: right" | 28
+|-
+| Business rates
+| style="text-align: right" | 28
+|-
+| Other
+| style="text-align: right" | 107
+|-
+|- class="sortbottom"
+| style="text-align: left" | '''Total Government revenue'''
+! style="text-align: right" | 667
+|}
+==Spending==
+{| class="wikitable sortable"
+|-
+! Department
+! style="text-align: right" | 2015-16 Expenditure (£bn)
+|-
+| Social protection
+| style="text-align: right" | 232
+|-
+| Health
+| style="text-align: right" | 141
+|-
+| Education
+| style="text-align: right" | 99
+|-
+| Debt interest
+| style="text-align: right" | 35
+|-
+| Defence
+| style="text-align: right" | 45
+|-
+| Public order and safety
+| style="text-align: right" | 34
+|-
+| Personal social services
+| style="text-align: right" | 30
+|-
+| Housing and Environment
+| style="text-align: right" | 28
+|-
+| Transport
+| style="text-align: right" | 29
+|-
+| Industry, agriculture and employment
+| style="text-align: right" | 24
+|-
+| Other
+| style="text-align: right" | 48
+|-
+|- class="sortbottom"
+| style="text-align: left" | '''Total Government spending'''
+! style="text-align: right" | 743
+|}
+==Supply-side reform==
+[[Aggregate supply|Supply-side]] measures included [[digital infrastructure]] investment, transport, energy and environment and the [[sharing economy]].<ref>H M Treasury, [https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/416330/47881_Budget_2015_Web_Accessible.pdf Budget 2015],  published 18 March 2015, accessed 21 August 2022, pp. 94-100</ref>
 ==References==
 {{reflist}}
-==External Links==
+==External links==
 *[https://www.gov.uk/government/topical-events/budget-2015 2015 United Kingdom budget] at Gov.uk
-*[http://www.theguardian.com/politics/budget-2015 2015 United Kingdom Budget] at the Guardian
+*[https://www.theguardian.com/politics/budget-2015 2015 United Kingdom Budget] at the Guardian
+{{Finance Acts}}
 {{United Kingdom budget}}
-[[Category:2015 budgets|United Kingdom]]
+[[Category:2015 government budgets|United Kingdom]]
 [[Category:2015 in British politics|Budget]]
-[[Category:United Kingdom budgets|2015]]
+[[Category:United Kingdom budgets|2015 03]]
+[[Category:March 2015 events in the United Kingdom]]
+[[Category:George Osborne]]

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