_(St_Edwards_Crown).svg) | |
| Presented | 12 March 2008 |
|---|---|
| Country | United Kingdom |
| Parliament | 54th |
| Party | Labour |
| Chancellor | Alistair Darling |
| Total revenue | £575 billion‡[1] |
| Total expenditures | £618 billion‡[1] |
| Deficit | £43 billion‡ |
| Website | Budget 2008 |
| ‡Numbers are projections. ‹ 2007 2009› | |
The2008 United Kingdom Budget, officially known asBudget 2008: Stability and opportunity: building a strong,sustainable future, was formally delivered byAlistair Darling in theHouse of Commons on 12 March 2008. It was the first Budget to be delivered by Darling, who had been appointedChancellor of the Exchequer the previous June.
Among the changes from the previous year were that taxes on alcohol, cigarettes and high-polluting cars would be increased.[2]Child Benefit would be raised to £20 a week from April 2009; winter fuel payments for pensioners would also be increased.[2] All long-term recipients ofIncapacity Benefit would have to attend work capacity programmes from April 2010.[2]
The growth of the national economy was expected to slow down to approximately 2% in 2008, down from 3% in the previous year.[2]
| Receipts | 2008-09 Revenues (£bn) |
|---|---|
| Income Tax | 160 |
| National Insurance | 105 |
| Value Added Tax (VAT) | 84 |
| Corporate Tax | 52 |
| Excise duties | 42 |
| Council Tax | 25 |
| Business rates | 24 |
| Other | 84 |
| Total Government revenue | 575 |
| Department | 2008-09 Expenditure (£bn) |
|---|---|
| Social protection | 169 |
| Health | 111 |
| Education | 82 |
| Debt interest | 31 |
| Defence | 33 |
| Public order and safety | 33 |
| Personal social services | 27 |
| Housing and Environment | 23 |
| Transport | 21 |
| Industry, agriculture and employment | 22 |
| Other | 67 |
| Total Government spending | 618 |
