In fiscal 2027 the Office of Budget Responsibilty estimates that central government revenue will be £1,161.4 billion and that local authority revenue for 2027 will be £73.6 billion.

Total public revenue in the United Kingdom is estimated to be £1,235.0 billion in 2027.

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 2027 it is expected that income tax will collect £460.7 billion, National Insurance collections will amount to £204 billion, indirect taxes will amount to £443.5 billion, and Business revenue will be £124.3 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 2027 will be income tax at £460.7 billion, national insurance at £204 billion and indirect taxes at £392.6 billion, for a total of £1,235.0 billion.

We estimate local authorities will collect about £50.9 billion in council tax in FY 2027 and £19.7 billion in other revenue, for a total of £73.6 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 £1,235.0 billion in 2027. Of this 37 percent will be in income taxes, 17 percent in national insurance contributions, 36 percent in indirect taxes, and 10 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 £73.6 billion in 2027. Of this 69 percent is in indirect taxes, and 27 percent is in business and other revenue.

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Data Sources for 2027:

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

UK GDP and Public Debt Update -- March 2026

On July 23, 2026 ukpublicspending.co.uk updated UK GDP and public debt outturn and forecasts released with the Office of Budget Responsibility in March 2026.

Recent and forecast GDP comes from the UK Office of Budget Responsibility's Economic and fiscal outlook report, using table 1.1 from tab "1.1" and table 1.2 from tab "1.2" in a spreadsheet file labeled "March 2026 Economic and fiscal outlook -- detailed forecast tables: economy". UK GDP previous to 2009 comes from Measuring Worth. The data goes back to 1700.

Note that chain-linked GDP is now in 2019 pounds.

Public sector net debt, outturn and forecast, comes from a tab called "Aggregates (£bn)" in the Public Finances Databank spreadsheet at the Office of Budget Responsibility.