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The Government's Tax Yield and Spend

The Government expect to receive £545 billion (estimated on Budget Day at £575 billion).

The receipts are estimated to be received as follows:

  12 March 2008 24 November 2008
  £ billion £ billion
Income tax 155 157
National insurance 105 98
VAT 84 83
Corporation tax 51 45
Excise duties 39 42
Business rates 24 23
Council tax 25 25
Other taxes, royalties etc 92 72
Total 623 545

The Government expect to spend £623 billion (estimated on Budget Day at £618 billion). The expenditure is estimated to be spent as follows:

  12 March 2008 24 November 2008
  £ billion £ billion
Social protection 169 173
Health 111 111
Education 82 83
Defence 23 36
Housing & environment 33 24
Industry, agriculture, employment & training 22 19
Personal social services 27 27
Transport 21 21
Public order & safety 33 33
Debt interest 31 34
Other 66 62
Total 618 623