View source for 2007 United Kingdom budget

{{Short description|none}}
{{Use dmy dates|date=July 2017}}
{{Use British English|date=July 2017}}
{{ infobox government budget
| title              = United Kingdom Budget
| year               = 2007
| country            = United Kingdom
| previous_budget    = 2006 United Kingdom budget
| previous_year      = 2006
| next_budget        = 2008 United Kingdom budget
| next_year          = 2008
| image              = Royal Coat of Arms of the United Kingdom (HM Government) (St Edwards Crown).svg
| imagesize          = 250px
| caption            = 
| submitter          =
| submitted_to       =
| date_submitted     =
| presented          = 21 March 2007
| passed             = 
| parliament         = [[List of MPs elected in the 2005 United Kingdom general election|54th]]
| party              = [[Labour Party (UK)|Labour]]
| chancellor         = [[Gordon Brown]]
| Total_Revenue      = ''£553 billion''<sup>‡</sup><ref name="HMT07">{{cite web |url= http://www.hm-treasury.gov.uk/d/bud07_chapter1_314.pdf|archive-url= http://webarchive.nationalarchives.gov.uk/20081013115955/http://www.hm-treasury.gov.uk/d/bud07_chapter1_314.pdf|url-status= dead|archive-date= 2008-10-13|publisher= [[HM Treasury]]|title= Budget 2007: Building Britain's long-term future: Prosperity and fairness for families |accessdate= 2014-08-27}}</ref>
| Total_Expenditures = ''£587 billion''<sup>‡</sup><ref name="HMT07"/>
| spending           = 
| tax_cut            = 
| debt_payment       = 
| surplus            = 
| deficit            = £34 billion 
| debt               = 
| bill               = 
| bill_link          = 
| url                = [http://webarchive.nationalarchives.gov.uk/20081023082127/http://www.hm-treasury.gov.uk/bud_bud07_index.htm Budget 2007 report]
| below              = <sup>‡</sup>Numbers in italics are projections.
}}

The '''2007 United Kingdom Budget''', officially known as '''Budget 2007: Building Britain's long-term future: Prosperity and fairness for families''', was formally delivered by [[Gordon Brown]] in the [[House of Commons of the United Kingdom|House of Commons]] on 21 March 2007. It would turn out to be Brown's last Budget as [[Chancellor of the Exchequer]], becoming [[Prime Minister of the United Kingdom|Prime Minister]] on 27 June 2007.

The main changes were that basic rate of income tax would fall from 22% to 20% from April 2008 and that the lower starter rate of 10% would be removed.<ref name="BBC2007"/> [[Vehicle Excise Duty]] on the highest-polluting vehicles would go up to £300 and to £400 from April 2008, with the least-polluting vehicles to have their duty reduced to £35.<ref name="BBC2007"/> The savings limit for [[Individual savings account]] contributions would be increased to £7,200 from April 2008.<ref name="BBC2007"/> The [[Inheritance tax in the United Kingdom|Inheritance Tax]] threshold would rise from £285,000 to £350,000 in 2010.<ref name="BBC2007">{{cite news |url= http://news.bbc.co.uk/1/hi/6474997.stm|publisher= [[BBC]]|title= At-a-glance: Budget key points |accessdate=2010-05-23 | date=21 March 2007}}</ref>

== Planned resource budgets 2007–08 ==

{| class="wikitable sortable"
|-
! Department
! style="text-align: right" | 2007–08 expenditure (£ million)
|-
| [[Department for Work and Pensions|Work and Pensions]]
| style="text-align: right" | 132,732
|-
| [[Department of Health and Social Care|Health]]
| style="text-align: right" | 104,464
|-
| [[Department for Education and Skills (United Kingdom)|Education and Skills]]
| style="text-align: right" | 68,060
|-
| [[Ministry of Defence (United Kingdom)|Defence]]
| style="text-align: right" | 38,986
|-
| Tax, Excise and Treasury<ref>{{Cite web|title=The Chancellor's Departments|url=https://webarchive.nationalarchives.gov.uk/+/http://www.hm-treasury.gov.uk/media/0/C/sr2004_21.PDF|url-status=live|website=webarchive.nationalarchives.gov.uk|archive-url=https://web.archive.org/web/20090704102851/http://webarchive.nationalarchives.gov.uk/+/http://www.hm-treasury.gov.uk/media/0/C/sr2004_21.PDF |archive-date=4 July 2009 }}</ref>
| style="text-align: right" | 5,469
|-
| [[Ministry of Housing, Communities and Local Government|Communities & Local Government]]
| style="text-align: right" | 28,186
|-
| [[Scottish Government]]
| style="text-align: right" | 26,469
|-
| [[Northern Ireland Executive]]
| style="text-align: right" | 14,667
|-
| [[Home Office]]
| style="text-align: right" | 13,877
|-
| [[Welsh Government]]
| style="text-align: right" | 12,785
|-
| [[Department for Transport|Transport]]
| style="text-align: right" | 10,150
|-
| [[Cabinet Office]]
| style="text-align: right" | 10,090
|-
| [[Department of Trade and Industry (United Kingdom)|Trade and Industry]]
| style="text-align: right" | 6,015
|-
| [[Department for Digital, Culture, Media and Sport|Culture, Media and Sport]]
| style="text-align: right" | 5,042
|-
| [[Department for International Development|International Development]]
| style="text-align: right" | 4,772
|-
| [[Ministry of Justice (United Kingdom)|Ministry of Justice]]
| style="text-align: right" | 4,086
|-
| [[Department for Environment, Food and Rural Affairs|Environment, Food and Rural Affairs]]
| style="text-align: right" | 3,099
|-
| [[Foreign, Commonwealth and Development Office|Foreign and Commonwealth Office]]
| style="text-align: right" | 1,859
|-
| [[Northern Ireland Office]]
| style="text-align: right" | 1,370
|-
| [[Law officers of the Crown|Law Officers' Departments]]
| style="text-align: right" | 718
|-
| Departmental Expenditure Limit Reserve<ref>{{cite web|url=http://www.hm-treasury.gov.uk/spending_review/spend_plancontrol.cfm |archive-url=http://webarchive.nationalarchives.gov.uk/20130129110402/http://www.hm-treasury.gov.uk/spending_review/spend_plancontrol.cfm |url-status=dead |archive-date=2013-01-29 |title=[ARCHIVED CONTENT&#93; Public Expenditure Planning and Control in the UK |publisher=Hm-treasury.gov.uk |accessdate=2010-04-01}}</ref>
| style="text-align: right" | 600
|-
| Unallocated Special Reserve<ref>{{Cite web|title=Public Expenditure Overview|url=https://webarchive.nationalarchives.gov.uk/+/http://www.hm-treasury.gov.uk/media/6/0/pesa2005_chapter1.pdf|url-status=live|website=webarchive.nationalarchives.gov.uk|archive-url=https://web.archive.org/web/20090704200937/http://webarchive.nationalarchives.gov.uk/+/http://www.hm-treasury.gov.uk/media/6/0/pesa2005_chapter1.pdf |archive-date=4 July 2009 }}</ref>
| style="text-align: right" | 400
|- class="sortbottom"
| style="text-align: left" | Total resource budget
! style="text-align: right" | 493,896
|}

== Details ==
=== Taxes ===
{| class="wikitable sortable"
|-
! Receipts
! style="text-align: right" | 2007-08 Revenues (£bn)
|-
| Income Tax
| style="text-align: right" | 157
|-
| National Insurance
| style="text-align: right" | 95
|-
| Value Added Tax (VAT)
| style="text-align: right" | 80
|-
| Corporate Tax
| style="text-align: right" | 50
|-
| Excise duties
| style="text-align: right" | 41
|-
| Council Tax
| style="text-align: right" | 23
|-
| Business rates
| style="text-align: right" | 22
|-
| Other
| style="text-align: right" | 84
|-
|- class="sortbottom"
| style="text-align: left" | '''Total Government revenue'''
! style="text-align: right" | 553
|}

=== Spending ===
{| class="wikitable sortable"
|-
! Department
! style="text-align: right" | 2007-08 Expenditure (£bn)
|-
| Social protection
| style="text-align: right" | 161
|-
| Health
| style="text-align: right" | 104
|-
| Education
| style="text-align: right" | 77
|-
| Debt interest
| style="text-align: right" | 30
|-
| Defence
| style="text-align: right" | 32
|-
| Public order and safety
| style="text-align: right" | 33
|-
| Personal social services
| style="text-align: right" | 28
|-
| Housing and Environment
| style="text-align: right" | 22
|-
| Transport
| style="text-align: right" | 20
|-
| Industry, agriculture and employment
| style="text-align: right" | 21
|-
| Other
| style="text-align: right" | 59
|-
|- class="sortbottom"
| style="text-align: left" | '''Total Government spending'''
! style="text-align: right" | 587
|}

== References ==
{{Reflist}}

==External links==
* [http://webarchive.nationalarchives.gov.uk/20081112130750/http://www.hm-treasury.gov.uk/bud_budget07_repindex.htm Complete Budget 2007 Report]
* [http://webarchive.nationalarchives.gov.uk/20081112131001/http://www.hm-treasury.gov.uk/bud_budget07_speech.htm Speech delivered 21 March 2007]

{{United Kingdom budget}}

[[Category:United Kingdom budgets]]
[[Category:2007 in the United Kingdom|Budget]]
[[Category:2007 government budgets|United Kingdom budget]]
[[Category:Gordon Brown]]
[[Category:March 2007 events in the United Kingdom]]
[[Category:Premiership of Tony Blair]]