In 2024/25 the United Kingdom spent an estimated 313 billion British pounds on welfare, compared with 297 billion pounds in the previous year.

In 2024/25 the UK government is expected to spend approximately ******billion British pounds on benefits, compared with the previous year when benefit expenditure was ******billion pounds.

In 2022/23 the UK spent approximately 10.2 percent of its GDP on social security, compared with 10.7 percent in the previous year.

In 2025/26, the budgeted expenditure of the United Kingdom government is expected to be reach 1,335 billion British pounds, with the highest spending function being the 379 billion pounds expected to be spent on social protection, which includes pensions and other welfare benefits. Government spending on health was expected to be 277 billion pounds and was the second-highest spending function in this fiscal year, while education was the third-highest spending category at 146 billion pounds. UK government debt approaching 100 percent of GDP At the end of the 2024/25 financial year, the UK's government debt amounted to approximately 2.8 trillion British pounds, around 96 percent of GDP that year. This is due to the UK having to borrow money to cover its spending commitments, especially at the height of the COVID-19 pandemic, when this deficit amounted to 314.6 billion pounds. Without significant cuts to spending or tax rises, the current government is aiming to reduce this debt by creating a stronger, more productive economy. Though this is how Britain's post WW2 debt was reduced, the country faces far more structural problems to growth than it did in the mid 20th century. Income Tax the UK's main revenue source Income Tax is expected to raise approximately 329 billion British pounds in the 2025/26 financial year, and be the largest revenue source for the government that year. Value Added Tax (VAT) receipts are expected to raise 214 billion pounds, with National Insurance contributions reaching 199 billion pounds. Although National Insurance rates for employees has actually fallen recently, the rate which employers pay was one of the main tax rises announced in the Autumn 2024 budget, rising from 13.8 percent to 15 percent. Though this avoided raising tax for workers directly, many UK businesses were critical of the move, with taxation seen as the main issue facing them at the start of 2025.

Issue ownership theory posits that when social welfare is electorally salient, left-wing parties gain public support by rhetorically emphasizing social welfare issues. There is less research, however, on whether left-wing governing parties benefit from increasing social welfare spending. That is, it is not known whether leftist governments gain from acting on the issues they rhetorically emphasize. This article presents arguments that voters will not react to governments’ social welfare rhetoric, and reviews the conflicting arguments about how government support responds to social welfare spending. It then reports time-series, cross-sectional analyses of data on government support, governments’ social welfare rhetoric and social welfare spending from Britain, Spain and the United States, that support the prediction that government rhetoric has no effects. The article estimates, however, that increased social welfare spending sharply depresses support for both left- and right-wing governments. These findings highlight a strategic dilemma for left-wing governments, which lose public support when they act on their social welfare rhetoric by increasing welfare spending.

Government spending in the United Kingdom was last recorded at 44.0 percent of GDP in 2024 . This dataset provides the latest reported value for - United Kingdom Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024/25, public spending on social protection in the United Kingdom was ***** British pounds per capita, ranging from ***** pounds per capita in Northern Ireland, to ***** pounds per capita in South East England.

Social protection spending on unemployment in the United Kingdom was 1.3 billion pounds in 2024/25, compared with 1.21 billion in the previous financial year.

This statistic shows the forecasted United Kingdom government spending on pension credit from fiscal year 2017/18 to fiscal year 2023/24. The cost of this welfare benefit is expected to decrease year on year until 2023/24, at which point spending is expected to be *** billion pounds.

This survey is part of a continuing series designed to monitor trends in a wide range of social attitudes in Great Britain. The British Social Attitudes Survey (BSA) is similar to the General Social Survey carried out by the National Opinion Research Center (NORC) in the United States. The BSA questionnaire has two parts, one administered by an interviewer and the other completed by the respondent. As in the past, the 1995 interview questionnaire contained a number of "core" questions covering the major topic areas of defense, the economy, labor market participation, and the welfare state. The 1995 self-enumerated questionnaire was devoted to a series of questions on a range of social, economic, political, and moral issues. Topics covered (by section) are: (1) newspaper readership and identification, (2) public spending, welfare benefits, and health care, (3) economic activity, labor market, training, and disabled people, (4) fear of crime, (5) constitutional issues, (6) education, (7) drugs, (8) Northern Ireland, (9) housing, (10) religion and ethnic origin, (11) classification, (12) countryside, the environment, and transportation, (13) taste and decency, (14) economic prospects, (15) taxation and public spending, (16) charitable giving, (17) welfare/Social Security, (18) euthanasia, and (19) pensions. An international initiative funded by the Nuffield Foundation, the International Social Survey Program (ISSP), also contributes a module to the BSA. The topic of the ISSP module in this collection was national identity. Additional demographic data included age, education, income, marital status, and religious and political affiliations.

Shrinking state spending in the UK has been accompanied by a profound restructuring of the welfare system, leading to financial insecurity for many people, culminating in extreme stress and serious deterioration of physical and mental health. Theory surrounding the impact of welfare advice on stress is lacking; this paper undertakes an in depth exploration of the experiences of stress among welfare advice seekers, considering these in light of existing substantive theories of stress and coping to generate new insight. A thematic analysis explored the experiences of stress in welfare advice seekers. Four overarching themes and twelve subthemes emerged. They are further understood utilising traditional theories of stress (Transactional Model of Stress and Coping and the Conservation of Resources theory), which then underpin the development of a ‘Stress Support Matrix’ and a holistic theory related specifically to welfare, stress and coping.

This dataset contains data about two ISEWs for the EU27, its individual Member States (MS), the UK and the US. Following Van der Slycken and Bleys (2023) (1), two variants of the ISEW are presented in this dataset: the ISEW_BCE accounts for the benefits and costs of the present and pasts activities experienced in the present and within a specific country (Benefits and Costs Experienced); the ISEW_BCPA accounts for the benefits and costs of present activities experienced in the present and in the future, both domestically and internationally (Benefits and Costs of Present economic Activities).

This document contains different datasets. Two datasets contain a summary of the values of the ISEWs and their components in ‘per capita’ terms. One summary presents the results for the EU27 (and MS) and the other one presents the results for the UK and the US (Non-EU countries). Additionally, each component is presented in some details in different pages, allowing to see the value of the different subcomponents included in each component (and even the value of some items with subcomponents for some components).

The period covered by this dataset is 1995-2020.

All the components are described in the accompanying table and in the report.

(1) Van der Slycken, J. and Bleys, B. (2023). Towards ISEW and GPI 2.0: Dealing with Cross-Time and Cross-Boundary Issues in a Case Study for Belgium. Social Indicators Research, 168(1):557-583.

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Budget Apps Market Size 2025-2029

The budget apps market size is forecast to increase by USD 335.7 million at a CAGR of 11.4% between 2024 and 2029.

The budgeting apps market is experiencing significant growth, driven by increased internet access and the rising preference among young customers for digital financial management solutions. This trend is expected to continue as more individuals seek to better manage their expenses and savings. Hosted on cloud servers, these apps enable users to manage their financial transactions and monitor their financial health in real-time from any device with an internet connection.
However, data security and privacy concerns remain key challenges for the providers, necessitating security measures to protect user information. As the market expands, providers must prioritize these concerns to build trust and maintain user loyalty. Overall, the market presents a promising opportunity for innovation and growth in the digital financial services sector.

What will be the Size of the Budget Apps Market During the Forecast Period?

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In today's digital age, budget apps have become essential tools for individuals and families seeking to manage their finances effectively. These web-based applications offer various features, including data compilation for expense and income tracking, retirement planning, debt management, and savings goals. However, as the use of budget apps continues to grow, so does the importance of ensuring privacy and security. Financial management apps provide numerous benefits, such as real-time financial insights, automated savings, and personalized financial advice. Yet, they also come with potential disadvantages, such as data breaches and privacy concerns. As such, content ideation and planning for budget apps must prioritize both benefits and disadvantages, ensuring accurate and unbiased information. Competitor analysis and semantic analysis play a crucial role in content optimization. By understanding the market dynamics and identifying topics relevant to these apps, content creators can develop engaging and informative content that resonates with their audience. Free budget apps, financial planning apps, and income trackers are just a few examples of the various types of financial management apps available.
Moreover, social media strategy and PPC advertising are essential components of marketing budget apps effectively. Content curation and tagging also play a role in ensuring that relevant and timely information is shared with the audience. With the increasing importance of digital banking solutions and financial innovation, they are poised to become even more integral to personal financial wellness and financial inclusion. In conclusion, they offer numerous benefits for individuals and families seeking to manage their finances effectively. However, it is essential to consider both the advantages and disadvantages of these applications, as well as the importance of data privacy and security. By focusing on accurate and unbiased information, content creators can develop engaging and informative content that resonates with their audience and helps them make informed decisions about using the apps for their financial management needs.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Deployment

  Cloud-based
  On-premises


Type

  Personal budgeting apps
  Family budgeting apps
  Business budgeting apps


Geography

  North America

    Canada
    US


  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France


  South America



  Middle East and Africa

By Deployment Insights

The cloud-based segment is estimated to witness significant growth during the forecast period.

The cloud-based budget apps segment experiences continuous growth within The market due to their accessibility, convenience, and collaborative features. Cloud-based budget apps provide significant advantages, including the ability to update financial data and track expenses instantly, making them a popular choice for individuals and businesses seeking flexible financial management solutions. These apps offer real-time updates, allowing users to easily monitor their financial needs and progress toward financial goals. With digital financial services becoming increasingly prevalent, cloud-based apps play a crucial role in the financial ecosystem by providing users with easy access to their financial data for effective financial management.

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The cloud-based segment was valued at USD 189.20 million in 2019 a

In 2024/25 the government of the United Kingdom is expected to spend approximately *****billion British pounds on housing benefits, compared with *****billion in the previous year.

This study develops an open economy version of the Dalgaard and Strulik (2014) health deficit model to examine how rising health expenditures affect international capital flows, external balances, and welfare. The government issues bonds in international capital markets, linking health policy to international financial dynamics. Calibrated to the UK, the model evaluates income growth, medical innovation, and population aging shocks under balanced budget and deficit spending regimes. Results show that the source of health spending growth determines the direction of capital flows, and that deficit-financed health spending generally yields higher welfare by enabling additional health investment without higher domestic taxation.

In the modern age, gender-based budgeting is influenced by the growing consciousness of different sections of society. Indian society is divided into different castes, religions, and sects. In all of this, the expectation of equality and the consciousness to fulfill it seem to have been created. Considering the Indian economy, the concept of a gender-based budget has come to the fore these days. Through this, the nation and the state are trying to extend the benefits of the government scheme to the women in the society and to bridge the gender gap between men and women. Gender-based budgeting does not mean creating a separate budget for women but trying to address social and gender inequalities by adjusting to the main budget. At the experimental level, the first gender-based budget was introduced in Australia in 1980. Since then, gender-based budgets have been used in the UK in 1989 and now in 70 countries around the world. At present, welfare has taken the place of empowerment in India due to the changing times and that is why in the 9th Five Year Plan, Rs 30 crore was distributed in the country in the form of various schemes for women in the form of gender-based budget. In 2001, the Government of India declared 'Women's Empowerment Year' and gave priority to women's development in the country.