_(St_Edwards_Crown).svg) | |
| Presented | Wednesday 16 March 2016 |
|---|---|
| Parliament | 56th |
| Party | Conservative Party |
| Chancellor | George Osborne |
| Total revenue | £716 billion ($0.98 trillion) |
| Total expenditures | £772 billion ($1.06 trillion) |
| Deficit | £56 billion (2.9% of GDP) |
| Website | 2016 UK Budget |
The 2016 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 16 March 2016.
It was the second fully Conservative budget delivered by Osborne, after the July 2015 budget. This was to be Osborne's last budget as Chancellor, as he was replaced by Philip Hammond on 13 July by way of Theresa May's cabinet reshuffle.