11 May 2010 – 8 May 2015
Public finances during the Coalition 2010–2015 government
Summary
| Metric | Level when government took office | Latest | Change during government |
|---|---|---|---|
| Borrowing forecasts, per cent of GDPOBR · per cent of GDP | 10.2%Year ending March 2010 | 5.2%Year ending March 2015 | ↓ 49.3%−5% · 5 periods |
| Borrowing forecasts, £ billionOBR · £ billion | £159.6bnYear ending March 2010 | £97.5bnYear ending March 2015 | ↓ 38.9%−£62.2bn · 5 periods |
| Debt forecasts, per cent of GDPOBR · per cent of GDP | 64.4%Year ending March 2010 | 81.1%Year ending March 2015 | ↑ 25.9%+16.7% · 5 periods |
| Spending forecasts, £ billionOBR · £ billion | £720.3bnYear ending March 2010 | £786.1bnYear ending March 2015 | ↑ 9.1%+£65.8bn · 5 periods |
| Receipts forecasts, £ billionOBR · £ billion | £560.7bnYear ending March 2010 | £688.7bnYear ending March 2015 | ↑ 22.8%+£128bn · 5 periods |
| GDP growth forecastsOBR · per cent | -4.6%2009 | 3.2%2014 | ↑ 168.9%+7.7% · 5 periods |
| Inflation forecastsOBR · per cent | 2.2%2009 | 1.5%2014 | ↓ 32.5%−0.7% · 5 periods |
| Unemployment forecastsOBR · per cent | 7.6%2009 | 6.2%2014 | ↓ 19.0%−1.4% · 5 periods |
| Employment forecastsOBR · people | 29,156,0002009 | 30,818,2502014 | ↑ 5.7%+1,662,250 · 5 periods |
| Earnings growth forecastsOBR · per cent | 0.1%2009 | 2.1%2014 | ↑ 1,469.4%+2% · 5 periods |
| House price forecastsOBR · per cent | -8.9%2009 | 8%2014 | ↑ 189.4%+16.9% · 5 periods |
| Household income forecastsOBR · per cent | 1.6%2009 | 2.4%2014 | ↑ 45.8%+0.7% · 5 periods |
| Income tax forecastsOBR · £ billion | £147.1bnYear ending March 2010 | £163.6bnYear ending March 2015 | ↑ 11.2%+£16.5bn · 5 periods |
| National Insurance forecastsOBR · £ billion | £96.6bnYear ending March 2010 | £110.3bnYear ending March 2015 | ↑ 14.1%+£13.6bn · 5 periods |
| VAT forecastsOBR · £ billion | £73.5bnYear ending March 2010 | £111.2bnYear ending March 2015 | ↑ 51.2%+£37.6bn · 5 periods |
| Welfare spending forecastsOBR · £ billion | No complete period was published before this government took office. | ||
| Debt interest forecastsOBR · £ billion | No complete period was published before this government took office. | ||
| Public sector receipts since 1900, per cent of GDPOBR · per cent of GDP | 35.8%Year ending March 2010 | 36.5%Year ending March 2015 | ↑ 1.9%+0.7% · 5 periods |
| Public spending since 1900, per cent of GDPOBR · per cent of GDP | 46%Year ending March 2010 | 41.6%Year ending March 2015 | ↓ 9.4%−4.3% · 5 periods |
| Borrowing since 1900, per cent of GDPOBR · per cent of GDP | 10.2%Year ending March 2010 | 5.2%Year ending March 2015 | ↓ 49.3%−5% · 5 periods |
| National debt since 1900, per cent of GDPOBR · per cent of GDP | 64.4%Year ending March 2010 | 81.1%Year ending March 2015 | ↑ 25.9%+16.7% · 5 periods |
| Public sector net borrowingONS · £ million | -£9.3bnApril 2010 | -£12bnApril 2015 | ↓ 29.2%−£2.7bn · 60 periods |
| Public sector net debtONS · £ billion | £1.03tnApril 2010 | £1.55tnApril 2015 | ↑ 50.3%+£520.1bn · 60 periods |
| Public sector net debt as a share of GDPONS · percent | 64.5%April 2010 | 80.9%April 2015 | ↑ 25.4%+16.4% · 60 periods |
| Debt interest paidONS · £ million | £4.8bnApril 2010 | £5.8bnApril 2015 | ↑ 22.0%+£1bn · 60 periods |
Borrowing forecasts, per cent of GDP
Inherited Year ending March 2010: 10.2% per cent of GDP. Latest Year ending March 2015: 5.2%.
Borrowing forecasts, £ billion
Inherited Year ending March 2010: £159.6bn £ billion. Latest Year ending March 2015: £97.5bn.
Debt forecasts, per cent of GDP
Inherited Year ending March 2010: 64.4% per cent of GDP. Latest Year ending March 2015: 81.1%.
Spending forecasts, £ billion
Inherited Year ending March 2010: £720.3bn £ billion. Latest Year ending March 2015: £786.1bn.
Receipts forecasts, £ billion
Inherited Year ending March 2010: £560.7bn £ billion. Latest Year ending March 2015: £688.7bn.
GDP growth forecasts
Inherited 2009: -4.6% per cent. Latest 2014: 3.2%.
Inflation forecasts
Inherited 2009: 2.2% per cent. Latest 2014: 1.5%.
Unemployment forecasts
Inherited 2009: 7.6% per cent. Latest 2014: 6.2%.
Employment forecasts
Inherited 2009: 29,156,000 people. Latest 2014: 30,818,250.
Earnings growth forecasts
Inherited 2009: 0.1% per cent. Latest 2014: 2.1%.
House price forecasts
Inherited 2009: -8.9% per cent. Latest 2014: 8%.
Household income forecasts
Inherited 2009: 1.6% per cent. Latest 2014: 2.4%.
Income tax forecasts
Inherited Year ending March 2010: £147.1bn £ billion. Latest Year ending March 2015: £163.6bn.
National Insurance forecasts
Inherited Year ending March 2010: £96.6bn £ billion. Latest Year ending March 2015: £110.3bn.
VAT forecasts
Inherited Year ending March 2010: £73.5bn £ billion. Latest Year ending March 2015: £111.2bn.
Welfare spending forecasts
No complete period was published before this government took office.
Debt interest forecasts
No complete period was published before this government took office.
Public sector receipts since 1900, per cent of GDP
Inherited Year ending March 2010: 35.8% per cent of GDP. Latest Year ending March 2015: 36.5%.
Public spending since 1900, per cent of GDP
Inherited Year ending March 2010: 46% per cent of GDP. Latest Year ending March 2015: 41.6%.
Borrowing since 1900, per cent of GDP
Inherited Year ending March 2010: 10.2% per cent of GDP. Latest Year ending March 2015: 5.2%.
National debt since 1900, per cent of GDP
Inherited Year ending March 2010: 64.4% per cent of GDP. Latest Year ending March 2015: 81.1%.
Public sector net borrowing
Inherited April 2010: -£9.3bn £ million. Latest April 2015: -£12bn.
Public sector net debt
Inherited April 2010: £1.03tn £ billion. Latest April 2015: £1.55tn.
Public sector net debt as a share of GDP
Inherited April 2010: 64.5% percent. Latest April 2015: 80.9%.
Debt interest paid
Inherited April 2010: £4.8bn £ million. Latest April 2015: £5.8bn.