2008 United Kingdom budget

2008 (2008) United Kingdom Budget

Presented| 12 March 2008
Parliament| 54th
Party| Labour
Chancellor| Alistair Darling
Total revenue| £575 billion‡[1]
Total expenditures| £618 billion‡[1]
Deficit| £43 billion‡
Website| Budget 2008
‡Numbers are projections.

‹ 2007

2009›

The 2008 United Kingdom Budget, officially known as Budget 2008: Stability and opportunity: building a strong, sustainable future, was formally delivered by Alistair Darling in the House of Commons on 12 March 2008. It was the first Budget to be delivered by Darling, who had been appointed Chancellor of the Exchequer the previous June.

Among the changes from the previous year were that taxes on alcohol, cigarettes and high-polluting cars would be increased.[2] Child Benefit would be raised to £20 a week from April 2009; winter fuel payments for pensioners would also be increased.[2] All long-term recipients of Incapacity Benefit would have to attend work capacity programmes from April 2010.[2]

The growth of the national economy was expected to slow down to approximately 2% in 2008, down from 3% in the previous year.[2]

## Details

[edit]

### Taxes

[edit]

Income Tax (28%)

National Insurance (18%)

Value Added Tax (VAT) (15%)

Corporate Tax (9%)

Excise duties (7%)

Council Tax (4%)

Business rates (4%)

Other (15%)

Receipts  | 2008-09 Revenues (£bn)

|

Income Tax  | 160
National Insurance  | 105
Value Added Tax (VAT)  | 84
Corporate Tax  | 52
Excise duties  | 42
Council Tax  | 25
Business rates  | 24
Other  | 84
Total Government revenue | 575

### Spending

[edit]

Department  | 2008-09 Expenditure (£bn)

|

Social protection  | 169
Health  | 111
Education  | 82
Debt interest  | 31
Defence  | 33
Public order and safety  | 33
Personal social services  | 27
Housing and Environment  | 23
Transport  | 21
Industry, agriculture and employment  | 22
Other  | 67
Total Government spending | 618

## Notes

[edit]

1. ^ a b "Budget 2008: Stability and opportunity: building a strong, sustainable future" (PDF). HM Treasury. Archived from the original (PDF) on 2012-07-04. Retrieved 2012-02-28.
2. ^ a b c d "At-a-glance: Budget key points". BBC. 12 March 2008. Retrieved 2012-02-28.

## External links

[edit]

Wikinews has related news:

* UK Chancellor of the Exchequer, Alistair Darling releases 2008 budget

* Complete Budget 2008 Report
* Speech delivered 12 March 2008
* Tony Benn | People Before Profit | the Budget | 24 Nov 2008. Tony Benn speaking on the 2008 UK budget.

* v
* t
* e

United Kingdom budget

By year|

* 1909
* 1972
* 1978
* April 1979
* June 1979
* 1980
* 1981
* 1982
* 1983
* 1984
* 1985
* 1986
* 1987
* 1988
* 1989
* 1990
* 1991
* 1992
* March 1993
* November 1993
* 1994
* 1995
* 1996
* 1997
* 1998
* 1999
* 2000
* 2001
* 2002
* 2003
* 2004
* 2005
* 2006
* 2007
* 2008
* 2009
* March 2010
* June 2010
* 2011
* 2012
* 2013
* 2014
* March 2015
* July 2015
* 2016
* March 2017
* November 2017
* 2018
* 2020
* Summer statement
* Winter Economy Plan
* March 2021
* October 2021
* September 2022 mini-budget
* 2022 autumn statement
* 2023
* 2023 autumn statement
* March 2024
* October 2024

Other|

* Budget Day
* Budget Broadcast
* Budget purdah
* Government spending in the United Kingdom
* Money bill
* Office for Budget Responsibility
* Parliament Act 1911
* Spending Review
* Spring Statement

Category
*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template