March 2017 United Kingdom budget

2017 (2017) United Kingdom budget
Presented	Wednesday 8 March 2017
Parliament	56th
Party	Conservative Party
Chancellor	Philip Hammond
Total revenue	£744 billion
Total expenditures	£802 billion
Deficit	£58 billion (2.9% of GDP)
Website	[1]
	‹ 2016 November 2017›

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]

2017–18 taxes and spending

Taxes

Receipts	2017-2018 revenues (£ billions).^[2]
Income Tax	175
Value Added Tax (VAT)	143
National Insurance	130
Corporate Tax	52
Excise duties	48
Council Tax	32
Business rates	30
Other	134
Total Government revenue	744

Spending

Department	2017-2018 Expenditure (£ billions).^[3]
Social protection	245
Health	149
Education	102
Defence	48
Debt interest	46
Housing and Environment	36
Transport	37
Public order and safety	34
Personal social services	32
Industry, agriculture and employment	23
Other	50
Total Government spending	802

References

^ "Budget 2017: Philip Hammond faces row over tax rises for self-employed - as it happened". The Guardian. 8 March 2017. Retrieved 29 June 2017.
^ 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.
^ 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.

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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.

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