2002 United Kingdom budget
From Wikipedia, the free encyclopedia
.svg) | |
| Country | United Kingdom |
|---|---|
| Parliament | 53rd |
| Party | Labour |
| Chancellor | Gordon Brown |
| Total revenue | £407 billion‡ |
| Total expenditures | £418 billion‡ |
| Deficit | £11 billion‡ |
| Website | Budget 2002 |
| ‡Numbers are projections.
‹ 2001 2003› | |
The 2002 United Kingdom Budget, officially known as The strength to make long-term decisions: Investing in an enterprising, fairer Britain was the formal government budget for the year 2002.[1]
The most significant policy implemented as part of this Budget was the 1% increase in National Insurance contributions for both employees and employers, the proceeds of which went towards an increase in NHS spending.[2]
