March 2017 United Kingdom budget

The March 2017 United Kingdom budget was delivered by Philip Hammond, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 8 March 2017. The last budget to be held in the spring until 2020, it was Hammond's first as Chancellor of the Exchequer since being appointed to the role in July 2016.[1]

2017 (2017) United Kingdom budget
PresentedWednesday 8 March 2017
Parliament56th
PartyConservative Party
ChancellorPhilip Hammond
Total revenue£744 billion
Total expenditures£802 billion
Deficit£58 billion (2.9% of GDP)
Website[1]
‹ 2016

2017–18 taxes and spending

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Taxes

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Receipts2017-2018 revenues (£ billions).[2]
Income Tax175
Value Added Tax (VAT)143
National Insurance130
Corporate Tax52
Excise duties48
Council Tax32
Business rates30
Other134
Total Government revenue744

Spending

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Department2017-2018 Expenditure (£ billions).[3]
Social protection245
Health149
Education102
Defence48
Debt interest46
Housing and Environment36
Transport37
Public order and safety34
Personal social services32
Industry, agriculture and employment23
Other50
Total Government spending802

References

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  1. ^ "Budget 2017: Philip Hammond faces row over tax rises for self-employed - as it happened". The Guardian. 8 March 2017. Retrieved 29 June 2017.
  2. ^ HM Treasury, "Government spending and revenue: Chart 2: Public sector receipts 2016-17", in HM Treasury (ed.), Spring Budget 2017 (PDF), London: HMSO, p. 8, ISBN 9781474140973.
  3. ^ HM Treasury, "Government spending and revenue: Chart 2: Public sector spending 2017-18", in HM Treasury (ed.), Spring Budget 2017 (PDF), London: HMSO, p. 8, ISBN 9781474140973.