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Friday May 15, 2026 
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a ukpublicrevenue.co.uk briefing:

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Estimated FY 2026 Revenue
for Governments in the United Kingdom

In fiscal year ending March 2026 the governments in the United Kingdom are expected to collect about 40 percent of Gross Domestic Product.

Public Revenue: Central and Local

Governments in the UK will collect £1,207.0 billion in 2026.

Table 3.01: Total Revenue in 2026

In fiscal 2026 the Office of Budget Responsibilty estimates that central government revenue will be £1,136.9 billion and that local authority revenue for 2026 will be £70.1 billion.

Total public revenue in the United Kingdom is estimated to be £1,207.0 billion in 2026.

UK Public Revenue: the Big Picture

The biggest tax bite is from indirect taxes like VAT and excise taxes.

Table 3.02: Total Revenue Breakdown

In 2026 it is expected that income tax will collect £462.8 billion, National Insurance collections will amount to £206.8 billion, indirect taxes will amount to £428.5 billion, and Business revenue will be £105.4 billion.


Government Revenue: the Details

Almost all public revenue is collected by the central government.

Table 3.03: Total Revenue Details

The three big sources of revenue for the UK central government in 2026 will be income tax at £462.8 billion, national insurance at £206.8 billion and indirect taxes at £379.8 billion, for a total of £1,207.0 billion.

We estimate local authorities will collect about £48.7 billion in council tax in FY 2026 and £20.6 billion in other revenue, for a total of £70.1 billion.

Pie Chart of Total UK Public Revenue

Indirect taxes are the biggest bite of UK taxes, at 37 percent of total revenue.

Chart 3.04: Total Revenue Details

Total UK public revenue will amount to £1,207.0 billion in 2026. Of this 38 percent will be in income taxes, 17 percent in national insurance contributions, 36 percent in indirect taxes, and 9 percent in business and other revenue.

Pie Chart of UK Local Authority Revenue

Indirect taxes are the biggest bite of local taxes, at 68 percent of total revenue.

Chart 3.06: Total Revenue Details

Total local authority public revenue will amount to £70.1 billion in 2026. Of this 69 percent is in indirect taxes, and 29 percent is in business and other revenue.

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On April 23, 2026 the Office for National Statistics (ONS) published its annual Public Sector Finances report. On April 30, 2026 we updated ukpublicrevenue.co.uk with the new public finance data.

UK Government Revenue
£ billion2025-26
forecast
2025-26
actual
Central Government£1,071.9£1,136.9
Local Authorities£69.1£70.1
Total UK Revenue£1,141.0£1,207.0

Revenue outturn data comes from the Office for National Statistics' March 2026 Public Sector Finances report using a spreadsheet file pusf.csv labeled "Public sector finances time series". Outturn revenue data for ukpublicrevenue.co.uk now extends from 1692 to 2025-26. 

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