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What is the Total UK Public Revenue?

For the year ending in March 2026:
Total UK public revenue, central government and local authority, is forecast to be $1,229.0 billion.

UK National Revenue Analysis  

 

This page shows the current trends in UK national revenue. Also see charts on UK revenue history.

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Recent UK Total Public Revenue

Chart R.01t: Recent Public Revenue

Chart R.02t: Recent Public Revenue as Pct GDP

Total UK public revenue, central government and local authority, was increasing briskly, year on year, in the mid 2000s, reaching £562 billion in 2008. Total public revenue paused in 2008-09 recession but steadily increased, reaching £819 billion in 2020. Estimated revenue for the year ending March 2025 was £1,112.6 billion.

Viewed from a GDP perspective, total public revenue has been pretty steady at around 36 percent GDP. In the aftermath of COVID total public revenue increased to 39 percent GDP in 2023. Estimated revenue for the year ending March 2025 was 38.6 percent GDP.

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UK Public Revenue Since 1900

Chart R.03t: Total Revenue since 1900

UK public revenue at the start of the 20th century was about 11 percent of GDP right up until the start of World War I.

Public revenue vaulted to over 33 percent of GDP in World War I, and then settled down to 23 percent of GDP in the 1920s. Revenue jogged up to 25 percent GDP in the Great Depression and then settled back to 22 percent GDP in the late 1930s.

Defence revenue in World War II drove overall public revenue over 30 percent of GDP, peaking at 37 percent of GDP in 1946 before declining to 34 percent of GDP by 1949.

From the 1950s to 1980 public revenue has remained within a band between 35 percent and 40 percent of GDP with occasional thrusts up 40 percent GDP.

From 1980 to 1994 public revenue declined from 38 percent GDP to 30 percent GDP. From 1994 to 2023 public revenue steadily increased, peaking at 39 percent in 2023.

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Revenue Data Sources

Detailed table of revenue data sources here.

Gross Domestic Product data comes from measuringworth.com.

Central government revenue data begins in 1692.

Local authority revenue data begins in 1868.

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Data Sources for 2021_2028:

Sources for 2021:

GDP: OBR EFO supp. economy tables
Revenue: OBR March 2018 Economic and fiscal outlook – charts and tables: fiscal
Debt: OBR Public Finances Databank

Sources for 2028:

GDP: OBR EFO supp. economy tables
Revenue: OBR March 2018 Economic and fiscal outlook – charts and tables: fiscal
Debt: OBR Public Finances Databank

> revenue data sources for other years

PESA 2025 Update

On July 23, 2025, HM Treasury published its Public Expenditure Statistical Analyses (PESA) for 2025. ukpublicspending.co.uk uses the PESA tables of public spending at the "sub-function" level as its major data source for UK public spending.

ukpublicspending.co.uk has now updated its spending tables using data from PESA 2025. The update includes outturn spending data for 2023-24, and plans data for 2024-25. ukpublicspending.co.uk uses PESA's Table 6.4 for Central Government expenditure, Table 7.4 for Local Authority expenditure, and Table 8.3 for Public Corporation capital expenditure.

Since HM Treasury does not provide plans estimates for future Local Authority spending, ukpublicspending.co.uk provides "guesstimates" instead. This is done by extending the percentage increase in spending between 2023-24 and 2024-25 for each sub-function for the plans year. It is assumed that local authority spending reductions will not carry through to plans years.

Country and Region spending has been updated up to 2023-24. These are obtained from Chapters 9 and 10 in the PESA document.

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