United Kingdom

GDP (Nominal)

Population

London

Capital

GBP

Currency

Member Organizations

NATOG7G20UNOECDWTOIMFWorld BankFive EyesCommonwealth of Nations

Government Revenue

Fiscal Year 2024

Government revenue breakdown by source

United Kingdom Government Spending

Fiscal Year 2024

Government spending breakdown by category

Revenue SourcesShows the main sources of government income, helping to understand how the country funds its public services.

Income Tax273.30B GBP

National Insurance Contributions180.00B GBP

Value Added Tax (VAT)170.00B GBP

Corporation Tax85.00B GBP

Fuel Duty25.00B GBP

Alcohol Duty12.00B GBP

Tobacco Duty9.00B GBP

Business Rates (England)30.00B GBP

Stamp Duties (Land and Shares)17.00B GBP

Inheritance Tax7.00B GBP

Insurance Premium Tax7.00B GBP

Other Taxes10.00B GBP

Non-Tax Revenues100.00B GBP

Total Revenue1099.00B GBP

Spending AllocationShows how government funds are distributed across different sectors, revealing national priorities and commitments.

Social Protection (Pensions & Welfare)300.00B GBP

Health (NHS)230.00B GBP

Education100.00B GBP

Defence60.00B GBP

Interest on Debt100.00B GBP

Public Order and Safety40.00B GBP

Transport30.00B GBP

Other Spending290.00B GBP

Total Spending1150.00B GBP

ControversiesFiscal controversies highlight political, social, or economic challenges that can affect a country's stability and future policy direction.

Recent budgets have reignited controversy over planned spending cuts and proposed increases in corporation tax to close fiscal gaps. Debates over the ‘migration levy’ on employers and shifts in VAT rates for digital services and hospitality have also been contentious, drawing criticism from industry groups about competitiveness and consumer impact.

Spending EfficiencyMeasures how well public funds are used to achieve desired outcomes. High efficiency means more value for taxpayers and better services.

The UK performs well on transparency and budget execution metrics, but suffers from service delivery bottlenecks in the NHS leading to long waiting times. Devolved administrations add complexity to program delivery, causing duplication of administrative functions despite high overall public sector productivity.

Debt to GDPShows the size of a country's government debt compared to its economy. High ratios may signal fiscal risk, while lower ratios suggest more sustainable finances.

Debt to GDP:96%

Government Debt:$3,245,616,000,000 USD

Tax Burden Per Capita (beta)Tax Burden Level:
Green (Low): Less than $10,000 per capitaOrange (Moderate): $10,000 - $20,000 per capitaRed (High): $20,000 - $30,000 per capitaPurple (Very High): Over $30,000 per capita

$17,229 USD15,138 EURLevel: Moderate