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Key Statistics
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20082009
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Gross Domestic Product (£bn)
£1,558£1,450
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Economic Growth0.80%-5.70%
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Inflation (CPI)3.40%-1.20%
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Interest Rate5.75%3.75%
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Unemployment Rate5.10%7.77%
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Average wage growth1.80%-2.50%
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House Price Growth10.00%-14.90%
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Average House Price£183,700£156,329
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Number Unemployed1,884,857 2,878,522
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Budget Balance
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20082009
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478650
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TOTAL PUBLIC EXPENDITURE£667,371£676,204
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EXPENDITURE % GDP42.84%46.62%
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Departmental Spending (less DWP)£355,110£356,926
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Non-Pension Social Security£95,680£98,422
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Pensions£65,561£66,706
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Debt Interest£57,667£57,667
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Locally Financed Expenditure£36,758£40,567
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All other Spending£56,596£55,917
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TOTAL TAX REVENUE£596,444£575,080
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TAX REVENUE % GDP38.28%39.65%
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Business Rates & Council Tax£36,758£40,567
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Stamp Duty on Shares£2,900£2,894
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Other Taxes£14,500£14,471
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Borrowing (Deficit)£70,927£101,124
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 % GDP4.55%6.97%
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National Debt
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20082009
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Government Debt£694,778£795,902
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% GDP44.59%54.87%
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Debt interest£57,667£66,060
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