Civometry

OBR · £ billion

VAT forecasts under each government

The full published series with each government’s time in office shaded. The table gives the level each government inherited and the last complete period before it left. Changes describe the period, not a cause. Definitions and caveats are on the metric page.

VAT forecasts: Year ending March 2009 to Year ending March 2025LabourCoalitionCoalitionConservativeConservativeConservativeConservativeLabour0501001502010201520202025Year ending March 2009: £75.8bn £ billion · published 26 March 2026Year ending March 2010: £73.5bn £ billion · published 26 March 2026Year ending March 2011: £86.3bn £ billion · published 26 March 2026Year ending March 2012: £98.1bn £ billion · published 26 March 2026Year ending March 2013: £100.7bn £ billion · published 26 March 2026Year ending March 2014: £106.5bn £ billion · published 26 March 2026Year ending March 2015: £111.2bn £ billion · published 26 March 2026Year ending March 2016: £116.2bn £ billion · published 26 March 2026Year ending March 2017: £122bn £ billion · published 26 March 2026Year ending March 2018: £126.3bn £ billion · published 26 March 2026Year ending March 2019: £133.5bn £ billion · published 26 March 2026Year ending March 2020: £134.7bn £ billion · published 26 March 2026Year ending March 2021: £117.4bn £ billion · published 26 March 2026Year ending March 2022: £143.4bn £ billion · published 26 March 2026Year ending March 2023: £160.1bn £ billion · published 26 March 2026Year ending March 2024: £168.3bn £ billion · published 26 March 2026Year ending March 2025: £173.3bn £ billion · published 26 March 2026
Published valueProvisional or revisedLatestShaded bands: governments (see labels)Hover or use arrow keys to read a value
GovernmentInheritedLeft at / latestChange during government
Labour 2024–5 July 2024 – presentFewer than two periods have been published during this government, so no change is shown yet.
Conservative 2019–202413 December 2019 – 5 July 2024£133.5bnYear ending March 2019£168.3bnYear ending March 2024↑ 26.1%+£34.8bn
Conservative 2017–20199 June 2017 – 13 December 2019£122bnYear ending March 2017£133.5bnYear ending March 2019↑ 9.4%+£11.5bn
Conservative 2015–20178 May 2015 – 9 June 2017£111.2bnYear ending March 2015£122bnYear ending March 2017↑ 9.7%+£10.8bn
Coalition 2010–201511 May 2010 – 8 May 2015£73.5bnYear ending March 2010£111.2bnYear ending March 2015↑ 51.2%+£37.6bn
Labour 2005–20106 May 2005 – 11 May 2010No complete period was published before this government took office.
Labour 2001–20058 June 2001 – 5 May 2005No complete period was published before this government took office.
Labour 1997–20012 May 1997 – 7 June 2001No complete period was published before this government took office.
Conservative 1992–199710 April 1992 – 2 May 1997No complete period was published before this government took office.
Conservative 1987–199212 June 1987 – 9 April 1992No complete period was published before this government took office.
Conservative 1983–198710 June 1983 – 11 June 1987No complete period was published before this government took office.
Conservative 1979–19834 May 1979 – 9 June 1983No complete period was published before this government took office.