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United Kingdom Budget Visualization

uk.wikibudgets.org

161–162 of 162 posts

Re: United Kingdom Budget Visualization

#161

That is a great idea. Understanding government expenditure on some level should be a fundamental part of a citizen's participation. I don't yet fully understand how to read it. It's not really clear to me what the difference in income and expenditure is - the impression the diagram gives me is other that income is balanced by expenditure, or that there is a budget surplus maybe. I think I recall that there is a budge…

> Understanding government expenditure on some level should be a fundamental part of a citizen's participation. HMRC sends people this information annually - a breakdown of what their amount of tax paid was spent on.

Good.

Re: United Kingdom Budget Visualization

#162

Earlier quoted context omitted.

That's got to be offset by the increasing pension age? Apparently accelerating the changes saved around £215bn (between 2011 and 2026). https://www.bbc.co.uk/news/business-49917315

In the short term maybe? A forward shift in age threshold is essentially a one-time reduction to expected future pension expenditures, whereas the triple lock and increasing post-retirement life expectancy are continuous increases.

If you think the raise of pension age is a one-time event, I think you'll be sorely disappointed.
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