2007 United Kingdom budget

none July 2017 July 2017 United Kingdom Budget 2007 United Kingdom 2006 United Kingdom budget 2006 2008 United Kingdom budget 2008 Royal Coat of Arms of the United Kingdom (HM Government) (St Edwards Crown).svg 250px 21 March 2007 54th Labour Gordon Brown £553 billion‡ http://www.hm-treasury.gov.uk/d/bud07_chapter1_314.pdf http://webarchive.nationalarchives.gov.uk/20081013115955/http://www.hm-treasury.gov.uk/d/bud07_chapter1_314.pdf dead 2008-10-13 HM Treasury Budget 2007: Building Britain's long-term future: Prosperity and fairness for families 2014-08-27 £587 billion‡ £34 billion Budget 2007 report ‡Numbers in italics are projections. The 2007 United Kingdom Budget, officially known as Budget 2007: Building Britain's long-term future: Prosperity and fairness for families, was formally delivered by Gordon Brown in the House of Commons on 21 March 2007. It would turn out to be Brown's last Budget as Chancellor of the Exchequer, becoming Prime Minister on 27 June 2007. The main changes were that basic rate of income tax would fall from 22% to 20% from April 2008 and that the lower starter rate of 10% would be removed. Vehicle Excise Duty on the highest-polluting vehicles would go up to £300 and to £400 from April 2008, with the least-polluting vehicles to have their duty reduced to £35. The savings limit for Individual savings account contributions would be increased to £7,200 from April 2008. The Inheritance Tax threshold would rise from £285,000 to £350,000 in 2010. http://news.bbc.co.uk/1/hi/6474997.stm BBC At-a-glance: Budget key points 2010-05-23 21 March 2007 Planned resource budgets 2007–08 Department 2007–08 expenditure (£ million) Work and Pensions 132,732 Health 104,464 Education and Skills 68,060 Defence 38,986 Tax, Excise and TreasuryThe Chancellor's Departments http://www.hm-treasury.gov.uk/media/0/C/sr2004_21.PDF dead UK Treasury https://webarchive.nationalarchives.gov.uk/ukgwa/20071104161310/http://www.hm-treasury.gov.uk/media/0/C/sr2004_21.PDF 4 November 2007 5,469 Communities & Local Government 28,186 Scottish Government 26,469 Northern Ireland Executive 14,667 Home Office 13,877 Welsh Government 12,785 Transport 10,150 Cabinet Office 10,090 Trade and Industry 6,015 Culture, Media and Sport 5,042 International Development 4,772 Ministry of Justice 4,086 Environment, Food and Rural Affairs 3,099 Foreign and Commonwealth Office 1,859 Northern Ireland Office 1,370 Law Officers' Departments 718 Departmental Expenditure Limit Reservehttp://www.hm-treasury.gov.uk/spending_review/spend_plancontrol.cfm http://webarchive.nationalarchives.gov.uk/20130129110402/http://www.hm-treasury.gov.uk/spending_review/spend_plancontrol.cfm dead 2013-01-29 [ARCHIVED CONTENT] Public Expenditure Planning and Control in the UK Hm-treasury.gov.uk 2010-04-01 600 Unallocated Special ReservePublic Expenditure Overview https://webarchive.nationalarchives.gov.uk/+/http://www.hm-treasury.gov.uk/media/6/0/pesa2005_chapter1.pdf live webarchive.nationalarchives.gov.uk https://web.archive.org/web/20090704200937/http://webarchive.nationalarchives.gov.uk/+/http://www.hm-treasury.gov.uk/media/6/0/pesa2005_chapter1.pdf 4 July 2009 400 Total resource budget 493,896 Details Taxes Receipts 2007-08 Revenues (£bn) Income Tax 157 National Insurance 95 Value Added Tax (VAT) 80 Corporate Tax 50 Excise duties 41 Council Tax 23 Business rates 22 Other 84 Total Government revenue 553 Spending Department 2007-08 Expenditure (£bn) Social protection 161 Health 104 Education 77 Debt interest 30 Defence 32 Public order and safety 33 Personal social services 28 Housing and Environment 22 Transport 20 Industry, agriculture and employment 21 Other 59 Total Government spending 587 References External links Complete Budget 2007 Report Speech delivered 21 March 2007 Category:United Kingdom budgets Budget United Kingdom budget Category:Gordon Brown Category:March 2007 in the United Kingdom Category:Premiership of Tony Blair