1999 United Kingdom budget
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| Submitted | 9 March 1999 |
|---|---|
| Country | United Kingdom |
| Parliament | 52nd |
| Party | Labour |
| Chancellor | Gordon Brown |
| Total revenue | £349 billion‡ |
| Total expenditures | £349 billion‡ |
| Deficit | £0 billion‡ |
| Website | Budget 1999 |
| ‡Numbers are projections.
‹ 1998 2000› | |
The 1999 United Kingdom Budget, officially known as Budget 99: Building a Stronger Economic Future for Britain was the formal government budget for the year 1999.[1]
The budget took place during a period of continuing economic expansion, shortly after the launch of the Euro currency on 1 January 1999, and at the tail end of the dot-com bubble.
During 1998, net public sector debt stood at £361.2 billion, 35.6 per cent of GDP.[2][3]
Interest rates had declined rapidly over the previous twelve months from a peak of 7.5 per cent in June 1998 to 5.5 per cent by February 1999,[4] whilst inflation during 1998 was recorded at 1.6 per cent (CPI) and 3.4 per cent (RPI).[5][6]
