_(St_Edwards_Crown).svg) | |
| 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]
- ^ "Budget 2002" (PDF). HM Revenue and Customs. Retrieved 3 October 2017.
- ^ "Brown unveils tax hike to fund NHS". the Guardian. 2002-04-17. Retrieved 2022-01-19.