In 2025/26, the government of the United Kingdom is expected to receive 1.2 trillion British pounds of public sector current receipts, with 329 billion British pounds coming from income tax, as well as 214 billion pounds from VAT. Other substantial sources of income include Corporation Tax, predicted to raise 105 billion pounds, and Council Tax, which will raise around 50 billion pounds. Government revenue falls short of spending Overall government revenue in 2023/24 amounted to approximately 1.13 trillion pounds, but with the government spending around 1.28 trillion pounds, the UK borrowed almost 152 billion pounds to cover its costs. As a consequence, the UK's national debt increased from 2.69 trillion pounds in 2022/23, to 2.81 trillion pounds in 2023/24, almost 100 per cent of GDP. Financing this debt is becoming increasingly burdensome for UK government finances, with the UK spending more on debt interest than on defence, transport, and public order and safety. Impact of COVID-19 on revenue sources Income received from some of the UK's typical revenue sources were severely depleted at the height of the COVID-19 pandemic. In 2018/19, for example, VAT raised around 132.5 billion pounds, with receipts falling to 129.9 billion pounds in 2019/20, and just 101.7 billion pounds in 2020/21. Corporation Tax, fell from 61.6 billion pounds in 2019/20, to 50.5 billion pounds in 2020/21, while revenue from Air Passenger Duties declined from 3.64 billion pounds in 2019/20, to just 590 million pounds in 2020/21, and just over one billion pounds in 2021/22.

The United Kingdom's government revenue was just over 1.13 trillion British pounds in 2024/25, compared with just under 1.1 trillion in 2023/24.

Public sector revenue for each country and region of the UK.

In 2024/25 the government of the United Kingdom's income was estimated to equate to approximately 39.4 percent of GDP, compared with 40 percent in the previous financial year.

This statistic shows the government revenue and spending in the United Kingdom from 2020 to 2024, with projections up until 2030. In 2024, the government revenue in the United Kingdom amounted to around 1,091.68 billion pounds, while government spending came to around 1,255.57 billion pounds.

Statistics and commentary which give an insight into the standard of living of the household population in Great Britain, focusing on the lower part of income distribution. http://webarchive.nationalarchives.gov.uk/+/http://research.dwp.gov.uk/asd/hbai.asp https://www.gov.uk/government/collections/households-below-average-income-hbai--2 Source agency: Work and Pensions Designation: National Statistics Language: English Alternative title: Households Below Average Income

Estimates of UK regional gross disposable household income (GDHI) at current prices for ITL1, ITL2 and ITL3 regions.

United Kingdom UK: Expenditure: Interest Payments: % of Revenue data was reported at 6.817 % in 2016. This records an increase from the previous number of 6.564 % for 2015. United Kingdom UK: Expenditure: Interest Payments: % of Revenue data is updated yearly, averaging 8.918 % from Dec 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 11.791 % in 1979 and a record low of 5.356 % in 2004. United Kingdom UK: Expenditure: Interest Payments: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Government Revenue, Expenditure and Finance. Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Median;

Tax Revenue in the United Kingdom decreased to 62173 GBP Million in August from 76689 GBP Million in July of 2025. This dataset includes a chart with historical data for the United Kingdom Tax Revenue.

United Kingdom UK: General Government: Revenue: Taxes: Income and Profits data was reported at 290,800.000 GBP mn in 2017. This records an increase from the previous number of 275,758.000 GBP mn for 2016. United Kingdom UK: General Government: Revenue: Taxes: Income and Profits data is updated yearly, averaging 235,198.000 GBP mn from Dec 1999 (Median) to 2017, with 19 observations. The data reached an all-time high of 290,800.000 GBP mn in 2017 and a record low of 149,567.000 GBP mn in 1999. United Kingdom UK: General Government: Revenue: Taxes: Income and Profits data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Government Finance: Operations Statement: Annual.

UK government revenue is expected to rise to 1.23 trillion pounds in 2025/26, up from 1.13 trillion in 2024/25.

Income Support (IS) Claimants - people aged over 16 working less than 16 a week and having less money coming in than the law says they need to live on. https://www.gov.uk/government/collections/dwp-statistical-summaries Source: Department for Work and Pensions (DWP) Publisher: Department for Work and Pensions (DWP) Geographies: Lower Layer Super Output Area (LSOA), Middle Layer Super Output Area (MSOA), Ward, Local Authority District (LAD), County/Unitary Authority, Government Office Region (GOR), National Geographic coverage: Great Britain Time coverage: 1999 to current Type of data: Administrative data Notes: Income Support can be paid to a person who: is in Great Britain; is aged 16 or over; is not working 16 hours or more a week; has less money coming in than the law says they need to live on.

United Kingdom UK: Central Government Debt: Total: % of GDP data was reported at 116.856 % in 2016. This records an increase from the previous number of 106.728 % for 2015. United Kingdom UK: Central Government Debt: Total: % of GDP data is updated yearly, averaging 44.132 % from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 116.856 % in 2016 and a record low of 29.195 % in 1991. United Kingdom UK: Central Government Debt: Total: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Government Revenue, Expenditure and Finance. Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average;

Estimates of annual household income for the four income types for Middle layer Super Output Areas, or local areas, in England and Wales.