Government History

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Total UK Government Revenue

Headline central, local, and total UK public revenue.

	Amounts in £ billion	March 2023	March 2024
	Central	940.7	1,035.1
	Local Authority	58.5	66.9
	Total UK revenue	999.3	1,102.0
Revenue: actual budgeted

Total Revenue Pie Chart for FY 2024

We have central government revenue data going back to 1692. Local government revenue goes back to 1868.

	Revenue Types	March 2024
	Income Taxes	£396.5 billion
	National Insurance	£179.2 billion
	Indirect Taxes	£409.9 billion
	Business and Other	£114.6 billion
	Total	£1,102.0 billion
Revenue: budgeted

Projected revenue is updated every March from OBR’s Economic and fiscal outlook report. Revenue outturn is updated every April from ONS’s Public Sector Finance report.

UK Public Revenue

UK Public Revenue Analysis

UK public includes both central government and local authority revenue.

Last year, FY 2023, total public revenue was £999.3 billion.

This year, FY 2024, total public revenue is budgeted at £1,102.0 billion.

UK Income Tax

UK Income Tax Analysis

Last year, FY 2023, total income tax revenue was £357.3 billion.

This year, FY 2024, total income tax revenue is budgeted at £396.5 billion.

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Revenue Data Sources

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.

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Data Sources for 2024:

GDP: OBR EFO supp. economy tables
Revenue: OBR March 2018 Economic and fiscal outlook – charts and tables: fiscal
Debt: OBR Public Finances Databank

> revenue data sources for other years

UK Revenue and Deficit Forecast -- March 2024

On March 16, 2024 we updated UK revenue forecast data for 2023-24 to 2026-27 from the Office of Budget Responsibility's March 2024 Economic and fiscal outlook report in a zip file labeled "March 2024 Economic and fiscal outlook - charts and tables (zip file)" and a spreadsheet file named "Annex_A_charts_and_tables_March_2024.xlsx" and Table A.5: Current Receipts in tab "TA.5".

**UK Government Revenue Forecast**
2022-23 Forecast	March 2023 £ billion	March 2024 £ billion
Central Government	£951.9	£987.4
Local Authorities	£68.1	£670.6
Total UK Revenue	£1,020.0	£1,058.0

On March 16, 2024 we updated UK deficit forecast data for 2023-24 to 2028-29 from the Office of Budget Responsibility's March 2024 Economic and fiscal outlook report Table 6.5 Components of Net Borrowing in tab "6.5" in a zip file labeled "March 2024 Economic and fiscal outlook - detailed forecast tables (zip file)" and a spreadsheet file named "Detailed_forecast_tables_Aggregates_March_2024.xlsx".