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THINKING BUSINESS
a blog by Chris Barrow

Where the money goes


MPs have backed the renewal of the UK’s Trident nuclear weapons system, voting 472 to 117 in favour in Parliament. The vote approves the manufacture of four replacement submarines at a current estimated cost of £31bn.

Here’s how the Government spent our money in the fiscal year ending 2016:

Pensions – £153bn

Health – £135bn

Welfare – £54bn

Defence (existing) – £45bn

Education – £44bn

Transport – £19bn

Protection – £14bn

Interest – £47bn

Central Government – £9bn

“Other” – £66bn

How much do we owe?

National debt – £1,532 billion.

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