Pre-Budget Report 2005 Summary
Britain meeting the global challenge:
Enterprise, fairness and responsibility
Enterprise, fairness and responsibility
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Pre-Budget Report 2005 Summary
Britain meeting the global challenge: Enterprise, fairness and responsibility |
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Where taxpayers' money is spent Total public spending is expected to be around £520 billion this year, around £8,700 for every man, woman and child in the UK. It is set to rise to £550 billion in 2006-07 and to £581 billion in 2007-08.
Total managed expenditure - £520 billion1 Other expenditure includes spending on general public services; recreation, culture, media and sport; international cooperation and development; public service pensions; plus spending yet to be allocated and some accounting adjustments.2 Social protection includes tax credit payments in excess of an individual's tax liability Source: HM Treasury, 2005-06 near-cash projections. Figures may not sum due to rounding. Where taxes come from
Total receipts - £483 billion1 Includes
capital taxes, stamp duties, vehicle excise duties and some other tax
and non-tax receipts (e.g. interest and dividends). |
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