For the year ending in March 2017:
Total UK public revenue, central government and local authority, is estimated at $716.5 billion.
This page shows the current trends in UK national revenue. Also see charts on UK revenue history.
Chart R.01t: Recent Public Revenue
Chart R.02t: Recent Public Revenue as Pct GDP
Total UK public revenue, central government and local authority, was increasing briskly, year on year, in the mid 2000s from £465 billion in 2005 to £562 billion in 2008. But in the recession total public revenue declined to £532 billion in 2010. In the economic recovery since 2010 revenues have steadily increased, reaching £647 billion in 2015.
Viewed from a GDP perspective, total public revenue was increasing steadily from 37 percent GDP in 2005 to nearly 40 percent GDP in 2009. But the recession cut revenue back to 35 percent GDP in 2010, and public revenue has remained as about 35 to 36 percent GDP ever since.
UK Public Revenue Since 1900
Chart R.03t: Total Revenue as Percent GDP
UK public revenue at the start of the 20th century was about 11 percent of GDP right up until the start of World War I.
Public revenue vaulted to over 33 percent of GDP in World War I, and then settled down to 23 percent of GDP in the 1920s. Revenue jogged up to 25 percent GDP in the Great Depression and then settled back to 22 percent GDP in the late 1930s.
Defence revenue in World War II drove overall public revenue over 30 percent of GDP, peaking at 37 percent of GDP in 1946 before declining to 34 percent of GDP by 1949.
Since the 1950s public revenue has remained within a band between 35 percent and 40 percent of GDP with occasional thrusts above 40 percent GDP in 1970 and the early 1980s.
Check REVENUE history.
See CHART GALLERY of revenue.
Make your own CUSTOM CHART.
Detailed table of revenue data sources here.
Gross Domestic Product data comes from measuringworth.com.
Central government revenue data begins in 1692.
Local authority revenue data begins in 1868.
Sources for 2012:
Sources for 2018:
|Selected Previous Revenue Items||Selected New Revenue Items|
|CNMCU - Taxes on income and wealth||CLIBR - Income tax|
CN445 - Corporation tax
CHZS7 - Taxes on capital
|CNMBY - Taxes on production||CBKST - Stamp taxes on shares|
CCDDZ - Vehicle excise duties
CEKED - Vehicle excise duties paid by business
CGTAO - Tobacco duties
CMF6V - Alcohol duties
CCUKY - Business rates
CNZGF - Value added tax
CCUDG - Fuel duties
CMM9F - Stamp duty land tax
CMF6W - Other taxes