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The 2018 United Kingdom budget was delivered by Philip Hammond, the Chancellor of the Exchequer, to the House of Commons on Monday, 29 October 2018. It was Hammond's third as Chancellor of the Exchequer since being appointed to the role in July 2016, and his last before being replaced by Sajid Javid by means of Boris Johnson's cabinet reshuffle ...
The UK fiscal year ends on 5 April each year. The financial year ends on 31 March of each year. Thus, the UK budget for financial year 2021 runs from 1 April 2021 to 31 March 2022 and is often referred to as 2021–22. Historically, the budget was usually released in March, less than one month before the beginning of the new fiscal year.
17 June – The UK government announces an extra £20bn for the NHS by 2023, a budget increase of 3.4% a year. [55] However, this is less than the average 3.7% the NHS had over the previous 70 years. The plan is also criticized by former Treasury officials, who cast doubt on the idea of a "Brexit dividend" and say the extra public spending will ...
In a joint statement, the leaders of the UK, US, France, and Germany say the ex-spy poisoning was the first offensive use of a nerve agent in Europe since the Second World War, and that Russian involvement is the "only plausible explanation". [66] The Space Industry Act 2018 becomes law, giving UK spaceports the legal framework to function. [67]
In financial year 2018–19, debt interest was £43 billion - around 5% of total government spending [11] compared to around 10% in 2023–24. HM Treasury controls the overall budget for administration [12] in central government, which largely comprises staff costs. In 2023–24, this totalled £14 billion.
In 2018, this reduced the annual servicing cost to approximately £30 billion (approx 2% of GDP, approx 5% of UK government tax income). In 2017, due to the Government's budget deficit ( PSNCR ), the national debt increased by £46 billion. [ 3 ]
The March 2017 United Kingdom budget was delivered by Philip Hammond, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 8 March 2017. The last budget to be held in the spring until 2020 , it was Hammond's first as Chancellor of the Exchequer since being appointed to the role in July 2016.
1 January – Four young men die in unrelated New Year London stabbings. [1]A fire at the Liverpool Echo Arena car park destroys 1,400 cars. [2]3 January – the NHS in England cancels all non-urgent treatments from mid-January until the end of the month, as reports emerge of patients facing long waits for treatment and being stuck on trolleys in corridors, and of ambulances left queuing ...