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2002 United Kingdom budget
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United Kingdom Budget 2002 United Kingdom 2001 United Kingdom budget 2001 2003 United Kingdom budget 2003 Royal Coat of Arms of the United Kingdom (HM Government).svg 250px 53rd Labour Gordon Brown £407 billion‡ £418 billion‡ £11 billion‡ Budget 2002 ‡Numbers are projections.
The 2002 United Kingdom Budget, officially known as The strength to make long-term decisions: Investing in an enterprising, fairer Britain was the formal government budget for the year 2002.Budget 2002 https://webarchive.nationalarchives.gov.uk/+/http:/www.hm-treasury.gov.uk/media/4/1/Budget_2002.pdf HM Revenue and Customs 3 October 2017
The most significant policy implemented as part of this Budget was the 1% increase in National Insurance contributions for both employees and employers, the proceeds of which went towards an increase in NHS spending.2002-04-17 Brown unveils tax hike to fund NHS http://www.theguardian.com/politics/2002/apr/17/economy.uk1 2022-01-19 the Guardian en
Details
Tax Revenue
Receipts2002-03 Revenues (£bn)Business rates19Corporation Tax33Council Tax16Excise Duties38Income Tax118NI65VAT64Other55Total Government revenue408
Spending
Department2002-03 Expenditure (£bn)Debt Interest21Defense24Education54Health65Housing & Environment20Industry, Agriculture, Employment 17Law & Order24Other49Personal Social Services15Social Security115Transport14Total Government spending418
References
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Budget
Category:United Kingdom budgets
United Kingdom budget
Category:Gordon Brown