TDRUK · The New World Order, peer-reviewed
Chamber VIII · Fiscal year 2026/27

The finances of the Republic.

Every pound the country collects, every pound it spends, and a ten-year forecast tied directly to the modelling chamber.

Total revenue
£1020bn
Total expenditure
£1010bn
Surplus
£10bn
Tax / GDP
37.8%
assuming £2.7T nominal GDP
Revenue vs expenditure

Ten-year fiscal forecast

The shaded paths come from the same engine that powers the modelling chamber. Switch scenarios to see how ratified and proposed policies shift the fiscal balance.

Revenue in 2036
£1305bn
Spend in 2036
£1222bn
Surplus in 2036
£83bn
Includes carbon levy, primary care guarantee, rent cap.
Where the money comes from

Taxes collected

Forecast receipts · fiscal year 2026/27
Tax
Paid by
Receipts
% of total
  • Income Tax
    PAYE and self-assessment on earned income.
    Individuals
    £302bn
    29.6%
  • Value Added Tax
    20% standard rate on most goods and services.
    Consumers (via business)
    £188bn
    18.4%
  • National Insurance
    Funds state pension and contributory benefits.
    Employees & employers
    £178bn
    17.5%
  • Corporation Tax
    Levied on UK company profits.
    Companies
    £102bn
    10.0%
  • Other receipts
    Licences, interest, dividends and minor duties.
    Various
    £64bn
    6.3%
  • Council Tax
    Locally collected, banded by property value.
    Households
    £46bn
    4.5%
  • Fuel & Vehicle Duties
    Excise on petrol, diesel and vehicle excise duty.
    Drivers and hauliers
    £31bn
    3.0%
  • Carbon Levy
    Rising per-tonne charge, recycled via the Citizen Carbon Dividend.
    Emitters
    £28bn
    2.7%
  • Alcohol, Tobacco & Sugar
    Health-targeted excise duties.
    Consumers
    £25bn
    2.5%
  • Stamp Duty & Property
    Charged on residential and commercial transfers.
    Property buyers
    £19bn
    1.9%
  • Capital Gains Tax
    On disposals of shares, property and other assets.
    Asset holders
    £17bn
    1.7%
  • Land Value Tax (phased)
    Year-2 of the phased rollout under proposal p-004.
    Landowners
    £12bn
    1.2%
  • Inheritance Tax
    Applied to estates above the nil-rate band.
    Estates
    £8bn
    0.8%
Total
£1020bn
100%
Where the money goes

National expenditure

Planned spend · fiscal year 2026/27
  • Health & CareNHS, public health, adult social care.
    £232bn (23%)
  • State PensionTriple-locked contributory pension.
    £138bn (14%)
  • Welfare & DisabilityWorking-age and disability support.
    £121bn (12%)
  • EducationSchools, FE, HE teaching grant.
    £116bn (11%)
  • Debt interestServicing existing gilts.
    £89bn (9%)
  • DefenceArmed forces, intelligence, procurement.
    £58bn (6%)
  • Other public servicesEnvironment, culture, government running costs.
    £52bn (5%)
  • TransportRail subsidy, roads, active travel.
    £41bn (4%)
  • Justice & PolicingCourts, prisons, police grant.
    £36bn (4%)
  • Climate & EnergyGrid upgrades, retrofit, storage mandate.
    £34bn (3%)
  • Citizen Carbon DividendPer-capita rebate funded by the carbon levy.
    £28bn (3%)
  • Housing & CommunitiesSocial housing, regeneration, councils.
    £27bn (3%)
  • Research & IndustryR&D tax credits, industrial strategy.
    £24bn (2%)
  • Aid & Foreign AffairsODA, diplomatic service.
    £14bn (1%)
Fiscal numbers are downstream of the model.

Every line above is recomputed when a policy is ratified or a metric is updated in the modelling chamber. Change the scenario there and these forecasts move with it.

Open modelling

Figures are illustrative and held in src/lib/mock-data.ts. The Republic's audited accounts are published separately by the citizen audit network.