Year by year cashflow for the policies in the P2030 programme, £ billions.
The % of GDP values in the final column refer to the steady state reached in year 5 of the programme.
| Y0/1 | Y2 | Y3 | Y4 | Y5 (SS) | % GDP | |
|---|---|---|---|---|---|---|
| REVENUES | ||||||
| National Contributions (incomes) | 51.79 | 64.74 | 70.14 | 75.53 | 2.8% | |
| Property Tax (net of CT replaced) | 9.50 | 19.00 | 28.50 | 28.50 | 1.1% | |
| SDLT replaced | (3.43) | (6.86) | (10.40) | (10.40) | -0.4% | |
| Air Passenger Duty (tripled + UK holiday VAT) | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 0.3% |
| Aviation VAT (private travel) | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.0% |
| Construction VAT equalisation (mechanical) | (2.00) | (2.00) | (2.00) | (2.00) | -0.1% | |
| Behavioural offset (informal recapture + demand) | 0.50 | 0.50 | 0.50 | 0.50 | 0.0% | |
| TV License Fee Reserve | 1.95 | _ | ||||
| Community Housing repayments (from LG) | 0.44 | 0.88 | 1.19 | 1.19 | 0.0% | |
| REVENUE TOTAL | 10.25 | 65.10 | 84.56 | 96.22 | 101.62 | 3.8% |
| OPERATING EXPENDITURE | ||||||
| Substitution (govt absorbs existing HH bills) | ||||||
| Transport fares (existing farebox) | 3.55 | 3.55 | 3.55 | 3.55 | 3.55 | 0.1% |
| Universal Energy Service | 9.00 | 9.00 | 9.00 | 9.00 | 0.3% | |
| Universal Water Service | 6.20 | 6.20 | 6.20 | 6.20 | 0.2% | |
| Universal Information Service | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 0.1% |
| School Meals (parent-paid conversion) | 0.18 | 0.55 | 0.65 | 0.71 | 0.71 | 0.0% |
| National Contributions (benefits at source) | _ _ | _ _ | (5.28) | (10.56) | (16.00) | -0.6% |
| Substitution subtotal | 7.73 | 23.30 | 18.12 | 12.90 | 7.46 | 0.3% |
| New operational (genuinely new service provision) | ||||||
| Universal Transport Service | 1.48 | 3.06 | 4.68 | 6.38 | 0.2% | |
| Universal Digital Service | 4.00 | 4.00 | 4.00 | 4.00 | 0.1% | |
| Local Service Hubs | 0.08 | 0.20 | 0.40 | 0.60 | 0.80 | 0.0% |
| NFS: Community Food Centres | 0.55 | 1.55 | 2.75 | 3.65 | 4.03 | 0.1% |
| NFS: CFC fit-out | 0.30 | 0.50 | 0.60 | 0.40 | 0.0% | |
| NFS: School Meals Reform (new provision) | 0.51 | 1.45 | 2.35 | 2.70 | 2.70 | 0.1% |
| NFS: School kitchen upgrades | 0.15 | 0.15 | 0.10 | 0.05 | 0.0% | |
| NFS: Participating Venues | 0.07 | 0.26 | 0.40 | 0.47 | 0.47 | 0.0% |
| National Digital Service | 0.50 | 3.00 | 3.00 | 3.00 | 3.00 | 0.1% |
| Energy for the Future | 1.75 | 3.50 | 5.25 | 7.00 | 0.3% | |
| GB Energy Network | 2.50 | 2.50 | 2.50 | 2.50 | 0.1% | |
| Democracy Revival | 2.04 | 2.04 | 2.04 | 2.04 | 0.1% | |
| Community Housing (refurbishment) | 0.10 | 0.20 | 0.30 | 0.60 | 1.00 | 0.0% |
| Universal Care Service | 2.33 | 4.67 | 7.00 | 7.00 | 0.3% | |
| Right to Life | 1.00 | 1.00 | 1.00 | 1.00 | 0.0% | |
| New operational subtotal | 2.26 | 22.41 | 30.67 | 37.94 | 41.92 | 1.6% |
| NEW OPERATING EXPENDITURE TOTAL | 9.99 | 45.71 | 48.79 | 50.84 | 49.38 | 1.8% |
| As % of revenues | 97% | 70% | 58% | 53% | 49% | |
| TOTAL OPERATING EXPENDITURE excl. NC tax | 9.99 | 45.71 | 54.07 | 61.40 | 65.38 | 2.4% |
| LOCAL | 1.76 | 9.68 | 14.61 | 18.51 | 19.04 | 0.7% |
| Local as percentage of all expenditure | 17.6% | 21.2% | 29.9% | 36.4% | 38.6% | |
| CAPITAL ALLOCATION | ||||||
| Transport build programme | 5.21 | 5.21 | 5.21 | 5.21 | 0.2% | |
| Community Housing (New) | 3.33 | 6.67 | 9.00 | 9.00 | 0.3% | |
| CAPITAL ALLOCATION TOTAL | 8.54 | 11.88 | 14.21 | 14.21 | 0.5% | |
| Total expenditure + capital as % of revenues | 97% | 83% | 78% | 79% | 78% | |
| Total Local including Transport and Housing | 1.76 | 18.22 | 26.49 | 32.72 | 33.25 | 1.2% |
| FISCAL SPACE (NATIONAL PRIORITY) | 0.26 | 10.85 | 23.89 | 31.17 | 38.03 | 1.4% |
| As % of revenues | 3% | 17% | 28% | 32% | 37% | |
| _ | ||||||
| ALT : CAPITAL DEBT SERVICE @ 6%/30yrs, shown for reference only | ||||||
| Transport build programme | 0.69 | 0.69 | 0.69 | 0.69 | 0.0% | |
| Community Housing | 0.44 | 0.88 | 1.19 | 1.19 | 0.0% | |
| CAPITAL SERVICING TOTAL | 1.13 | 1.57 | 1.88 | 1.88 | 0.1% | |
| FISCAL SPACE (FINANCED) | 0.26 | 18.26 | 34.20 | 43.51 | 50.36 | 1.9% |