Presented Wednesday 8 July 2015 Total revenue £672 billion | Parliament 56th Total expenditures £743 billion | |
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The 2015 United Kingdom summer budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 8 July 2015.
Contents
This was the first fully Conservative budget since that presented by Kenneth Clarke in 1996.
Background
The background to the budget was that of significant economic growth at 3%.
The budget proposes spending of £742 billion and an income of £673 billion in 2015-16; a deficit of £69 billion (almost 10% of UK public spending).
The budget passed with a majority of 30 votes (320 votes for, 290 against with 36 abstentions).
All Conservative MPs voted for the budget (with 9 abstentions). The Labour party voted against the bill with 19 MPs abstaining.
Measures
References
July 2015 United Kingdom budget Wikipedia(Text) CC BY-SA