HM Treasury · Year ending March 2003 to Year ending March 2025 · £ billion, 2024-25 prices

Total managed expenditure, real terms

Total managed expenditure, real terms: Year ending March 2003 to Year ending March 2025LabourLabourLabourLabourCoalitionCoalitionConservativeConservativeConservativeConservativeLabour05001k20052010201520202025Year ending March 2003: £798.6bn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2004: £851.9bn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2005: £895.1bn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2006: £920.9bn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2007: £940.4bn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2008: £975.7bn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2009: £1.03tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2010: £1.06tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2011: £1.08tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2012: £1.06tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2013: £1.06tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2014: £1.05tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2015: £1.06tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2016: £1.07tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2017: £1.07tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2018: £1.09tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2019: £1.08tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2020: £1.1tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2021: £1.3tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2022: £1.23tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2023: £1.28tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2024: £1.28tn £ billion, 2024-25 prices · published 17 July 2025Year ending March 2025: £1.29tn £ billion, 2024-25 prices · published 17 July 2025

Published valueProvisional or revisedLatestShaded bands: governments (see labels)Hover or use arrow keys to read a value

Source: HM Treasury, Public Expenditure Statistical Analyses 2025, chapter 4: expenditure by function, PESA 2025 (published 17 July 2025). Data presentation: Civometry.

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