2005 United Kingdom budget
In the article that we present below, we are going to address the topic of 2005 United Kingdom budget in a broad and detailed way. 2005 United Kingdom budget is a topic that has generated great interest and debate in recent years due to its importance in today's society. Throughout this article, we will analyze different aspects related to 2005 United Kingdom budget, from its historical origin to its relevance in the contemporary world. In addition, we will explore various perspectives and opinions of experts in the field, with the aim of offering a complete and in-depth vision of 2005 United Kingdom budget. Without a doubt, this article will be very useful for those who wish to learn more about this topic and its implications today.
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| Parliament | 54th |
|---|---|
| Party | Labour |
| Chancellor | Gordon Brown |
| Total revenue | £487 billion‡ |
| Total expenditures | £519 billion‡ |
| Deficit | £32 billion‡ |
| Website | Budget 2005 |
| ‡Numbers are projections.
‹ 2004 2006› | |
The 2005 United Kingdom Budget, officially known as Investing for our future: Fairness and opportunity for Britain's hard-working families was the formal government budget for the year 2005.
Details
Tax Revenue
| Receipts | 2005-06 Revenues (£bn) |
|---|---|
| Business rates | 19 |
| Corporation Tax | 44 |
| Council Tax | 21 |
| Excise Duties | 41 |
| Income Tax | 138 |
| NI | 83 |
| VAT | 76 |
| Other | 65 |
| Total Government revenue | 487 |
Spending
| Department | 2005-06 Expenditure (£bn) |
|---|---|
| Debt Interest | 26 |
| Defence | 28 |
| Education | 68 |
| Health | 90 |
| Housing & Environment | 16 |
| Industry, Agriculture, Employment | 20 |
| Law & Order | 31 |
| Other | 49 |
| Personal Social Services | 23 |
| Social Security | 146 |
| Transport | 20 |
| Total Government spending | 517 |
References
- ^ "Budget 2005" (PDF). HM Revenue and Customs. Retrieved 3 October 2017.
