() March 2010 United Kingdom Budget
Royal Coat of Arms of the United Kingdom (HM Government).svg
Presented24 March 2010 (Wednesday)
ChancellorAlistair Darling
Total revenue£541 billion
Total expenditures£704 billion
Deficit£163 billion
‹ 2009

The March 2010 United Kingdom Budget, official known as Budget 2010: Securing the recovery, was delivered by Alistair Darling, Chancellor of the Exchequer, to the House of Commons on 24 March 2010.[1]

The budget speech outlined the Labour Government's fiscal policies prior to the expected 2010 general election, which had to be called before July.

The Budget's main headlines included:

The Chancellor aimed for public sector net borrowing to fall to 8.5% of GDP by 2011-12, and 4.0% by 2014-15. Public sector net debt was projected to increase to 73% of GDP by 2012-13.

The Treasury published the Finance Act 2010 on 1 April, running to 240 pages.[4] After the General Election was called on 6 April, the Chartered Institute of Taxation expressed concern at the lack of time for debate on complex measures.[5] In the event, many of the clauses announced in the Budget speech were dropped from the Bill before Parliament was dissolved.[6]


Receipts 2010-10 Revenues (£bn)
Income Tax 146
Value Added Tax (VAT) 78
National Insurance 97
Excise duties 46
Corporate Tax 42
Council Tax 26
Business rates 25
Other 81
Total Government revenue 541


Department 2010-10 Expenditure (£bn)
Social protection 196
Health 122
Education 89
Debt interest 43
Defence 40
Public order and safety 36
Personal social services 33
Housing and Environment 27
Transport 22
Industry, agriculture and employment 20
Other 74
Total Government spending 704


  1. ^ "Budget 2010". BBC News. 2010-03-24. Retrieved 2010-03-24.
  2. ^ HM Treasury, Budget 2010 Annex C
  3. ^ Chancellor set to announce basic bank accounts for all Archived 2013-01-16 at archive.today allaboutmoney.com, 24 September 2012
  4. ^ Finance Bill out with just days to make it law Archived 2010-04-05 at the Wayback Machine, Accountancy Age, 1 Apr 2010
  5. ^ Just a few hours of scrutiny for Finance Bill as Election announced Archived 2012-07-19 at archive.today, Accountancy Age, 6 Apr 2010
  6. ^ Finance Bill carved out in deadline scramble Archived 2010-04-12 at the Wayback Machine, Accountancy Age, 7 Apr 2010