Economy

Where do UK taxes go?

The UK government spent £711 billion of taxpayers' money last year, but where did it all go? The largest share, at almost a quarter, went on 'welfare', with a total sum of £173 billion. Next up was 'health' with £144 billion being spent. For those concerned about the cost of EU membership, the figure at the bottom of the chart will be interesting. £4.7 billion pounds went towards maintaining the Union budget. Although this sounds like a large amount, it only actually accounted for 0.7 percent of the total spend.

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This chart shows a distribution of UK public sector expenditure for 2016/2017.

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Forecasted income tax receipts in the UK 2019-2031
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