The Government's Tax Yield and Spend
The Government expect to receive £575 billion (2007/08 - £550 billion).
The receipts are estimated to be received as follows:
| |
£ billion |
| Income tax |
155 |
| National insurance |
105 |
| VAT |
84 |
| Corporation tax |
51 |
| Fuel duties |
26 |
| Stamp duties |
13 |
| Business rates |
24 |
| Council tax |
25 |
| Other taxes, royalties etc |
92 |
| Total |
575 |
The Government expect to spend £618 billion (2007/08 - £586 billion). The expenditure is estimated to be spent as follows:
| |
£ billion |
| Social protection |
169 |
| Health |
111 |
| Education |
82 |
| Defence |
23 |
| Housing & environment |
33 |
| Industry, agriculture, employment & training |
22 |
| Personal social services |
27 |
| Transport |
21 |
| Public order & safety |
33 |
| Debt interest |
31 |
| Other |
66 |
| Total |
618 |
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