Presented | Wednesday 8 July 2015 |
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Parliament | 56th |
Party | Conservative Party |
Chancellor | George Osborne |
Total revenue | £672 billion |
Total expenditures | £743 billion |
Deficit | £69 billion (3.6% of GDP) |
Website | July 2015 Budget documents |
2016 ›
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The 2015 United Kingdom summer budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 8 July 2015.
This was the first fully Conservative budget since that presented by Kenneth Clarke in 1996.
The background to the budget was that of significant economic growth at 3%.
The budget proposes spending of £742 billion and an income of £673 billion in 2015-16; a deficit of £69 billion (almost 10% of UK public spending).
The budget passed with a majority of 30 votes (320 votes for, 290 against with 36 abstentions).
All Conservative MPs voted for the budget (with 9 abstentions). The Labour party voted against the bill with 19 MPs abstaining.