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The Chancellors: A History of the Chancellors of the Exchequer, 1945-90 (HarperCollins, 1997) 619pp; 17 chapters covering the terms of each Chancellor. Fairclough, Isabela, and Norman Fairclough. "Practical reasoning in political discourse: The UK government’s response to the economic crisis in the 2008 Pre-Budget Report."
Pie chart of UK government spending, 2023–24. [2]The most significant area of government spending is welfare (£341 billion in financial year 2023-24), [2] with the largest single element of this being for the State Pension, which totals £124 billion.
Spending by the UK in the US, on everything from food to munitions, occupied 40% of total British war expenditure by 1916. [173] The banking house J.P. Morgan & Co. won a concession in January 1915 to act as the sole purchasing agent for the Admiralty and War Department in the United States. $20 billion worth of trade was undertaken in this way ...
The welfare state represents around two-thirds of total government spending. [needs update] The welfare state of the United Kingdom began to evolve in the 1900s and early 1910s, and comprises expenditures by the government of the United Kingdom of Great Britain and Northern Ireland intended to improve health, education, employment and social ...
The government pledged to develop full UK Environmental Accounts by 2020. In December 2012, the Office for National Statistics (ONS) in partnership with the Department for Environment, Food and Rural Affairs (Defra) published a 'roadmap' that set out the timeline for the project to incorporate natural capital into the national accounts.
Analysis from the House of Commons Library suggests that Scotland’s block grant will consist of just 3.5% of UK Government spending in 2023/24 and 2024/25, according to the Autumn Statement plans.
In the 20-year period from 1986/87 to 2006/07 government spending in the United Kingdom averaged around 40% of GDP. [15] As a result of the 2007–2008 financial crisis and the Great Recession, government spending increased to a historically high level of 48% of GDP in 2009–10, partly as a result of the cost of a series of bank bailouts.
The modern political history of the United Kingdom (1979–present) began when Margaret Thatcher gained power in 1979, giving rise to 18 years of Conservative government. Victory in the Falklands War (1982) and the government's strong opposition to trade unions helped lead the Conservative Party to another three terms in government.