The UK’s fiscal targets
This briefing looks at the UK's fiscal targets and wider policy for managing the public finances.
This briefing paper gives figures on public spending in England, Scotland, Wales and Northern Ireland. It also gives figures for the English regions.
Public spending by country and region (550 KB , PDF)
In 2023/24, public spending per person in the UK as a whole was £12,958. In England, it was £12,625 (3% below the UK average). This compares with:
Source: HM Treasury, Country and regional analysis: 2024, 20 November 2024, table A.3b
Among the English regions, public spending per person was lowest in the East Midlands at £11,603 (10% below the UK average) and highest in London at £14,842 (15% higher than the UK average).
Across the UK, more money is spent on social protection than on any other function, followed by health. The breakdown is reasonably consistent across all countries and regions.
Almost all of the data in this briefing comes from HM Treasury’s Country and regional analysis: 2024, which also contains a detailed functional breakdown and a database that can be used for further analysis.
Public spending by country and region (550 KB , PDF)
This briefing looks at the UK's fiscal targets and wider policy for managing the public finances.
The public finances include government borrowing and debt. Find the latest data on UK borrowing and debt as well as forecasts for the future.
The primary aim of the Crown Estate Bill (Bill 135 of 2024–25) is to remove limitations on the Crown Estate’s borrowing powers and the types of assets if can invest in. It originated in the Lords, where it was amended. The bill will have its second reading in the House of Commons on 7 January 2025.