2004 United Kingdom budget
In today's world, 2004 United Kingdom budget continues to be a topic of great relevance and interest to a large sector of the population. Over time, 2004 United Kingdom budget has managed to remain at the center of attention of academics, professionals and amateurs, demonstrating its importance and impact in different areas of society. Throughout history, 2004 United Kingdom budget has been the subject of numerous studies, debates and reflections, which has contributed to enriching knowledge on this topic. In this article, we will explore some key aspects related to 2004 United Kingdom budget, with the aim of delving into its meaning, its evolution and its relevance today.
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| Parliament | 53rd |
|---|---|
| Party | Labour |
| Chancellor | Gordon Brown |
| Total revenue | £451 billion‡ |
| Total expenditures | £485 billion‡ |
| Deficit | £34 billion‡ |
| Website | Budget 2004 |
| ‡Numbers are projections.
‹ 2003 2005› | |
The 2004 United Kingdom Budget, officially known as Opportunity for all: The strength to take the long-term decisions for Britain was the formal government budget for the year 2004.
Details
Tax Revenue
| Receipts | 2004-05 Revenues (£bn) |
|---|---|
| Business rates | 19 |
| Corporation Tax | 33 |
| Council Tax | 20 |
| Excise Duties | 40 |
| Income Tax | 127 |
| NI | 78 |
| VAT | 74 |
| Other | 61 |
| Total Government revenue | 452 |
Spending
| Department | 2004-05 Expenditure (£bn) |
|---|---|
| Debt Interest | 24 |
| Defense | 27 |
| Education | 64 |
| Health | 82 |
| Housing & Environment | 16 |
| Industry, Agriculture, Employment | 19 |
| Law & Order | 29 |
| Other | 44 |
| Personal Social Services | 22 |
| Social Security | 140 |
| Transport | 18 |
| Total Government spending | 485 |
References
- ^ "Budget 2004" (PDF). HM Treasury. Retrieved 3 October 2017.
