The Chancellor's mock-up budget report

An illustrative example of how to make £30 billion of tax rises and spending cuts in 2019-20

£1.4bn

£0.5bn

£0.6bn

£3.5bn

£9.7bn

£2.0bn

£2.4bn

£5.75bn

£1.2bn

£1.15bn

£2.5bn

Duties

Personal tax increases

Spending cuts

Fuel duty, up 5pts

Alcohol duty, up 5pts

Inheritance tax, up 5pts

Higher rate tax, up 3p

Basic rate tax, up 2p

Pensions

Capital spending

Other resource

spending

Defence

Education

Health

An illustrative example of how to make £30 billion of tax rises and spending cuts in 2019-20

£1.4bn

£0.5bn

£0.6bn

£3.5bn

£9.7bn

£2.0bn

£2.4bn

£5.75bn

£1.2bn

£1.15bn

£2.5bn

Duties

Personal tax increases

Spending cuts

Fuel duty, up 5pts

Alcohol duty, up 5pts

Inheritance tax, up 5pts

Higher rate tax, up 3p

Basic rate tax, up 2p

Pensions

Capital spending

Other resource spending

Defence

Education

Health