12 June 1987 – 9 April 1992
Public finances during the Conservative 1987–1992 government
Summary
| Metric | Level when government took office | Latest | Change during government |
|---|---|---|---|
| Borrowing forecasts, per cent of GDPOBR · per cent of GDP | 1.9%Year ending March 1987 | 3.3%Year ending March 1992 | ↑ 73.1%+1.4% · 5 periods |
| Borrowing forecasts, £ billionOBR · £ billion | £8.7bnYear ending March 1987 | £23.8bnYear ending March 1992 | ↑ 171.9%+£15bn · 5 periods |
| Debt forecasts, per cent of GDPOBR · per cent of GDP | No complete period was published before this government took office. | ||
| Spending forecasts, £ billionOBR · £ billion | No complete period was published before this government took office. | ||
| Receipts forecasts, £ billionOBR · £ billion | No complete period was published before this government took office. | ||
| GDP growth forecastsOBR · per cent | 3.1%1986 | -1.4%1991 | ↓ 145.1%−4.5% · 5 periods |
| Inflation forecastsOBR · per cent | No complete period was published before this government took office. | ||
| Unemployment forecastsOBR · per cent | No complete period was published before this government took office. | ||
| Employment forecastsOBR · people | No complete period was published before this government took office. | ||
| Earnings growth forecastsOBR · per cent | No complete period was published before this government took office. | ||
| House price forecastsOBR · per cent | No complete period was published before this government took office. | ||
| Household income forecastsOBR · per cent | No complete period was published before this government took office. | ||
| Income tax forecastsOBR · £ billion | No complete period was published before this government took office. | ||
| National Insurance forecastsOBR · £ billion | No complete period was published before this government took office. | ||
| VAT forecastsOBR · £ billion | No complete period was published before this government took office. | ||
| Welfare spending forecastsOBR · £ billion | No complete period was published before this government took office. | ||
| Debt interest forecastsOBR · £ billion | No complete period was published before this government took office. | ||
| Public sector receipts since 1900, per cent of GDPOBR · per cent of GDP | 37.3%Year ending March 1987 | 33.4%Year ending March 1992 | ↓ 10.5%−3.9% · 5 periods |
| Public spending since 1900, per cent of GDPOBR · per cent of GDP | 39.2%Year ending March 1987 | 36.7%Year ending March 1992 | ↓ 6.4%−2.5% · 5 periods |
| Borrowing since 1900, per cent of GDPOBR · per cent of GDP | 1.9%Year ending March 1987 | 3.3%Year ending March 1992 | ↑ 73.1%+1.4% · 5 periods |
| National debt since 1900, per cent of GDPOBR · per cent of GDP | 34.8%Year ending March 1987 | 22.8%Year ending March 1992 | ↓ 34.5%−12% · 5 periods |
| Public sector net borrowingONS · £ million | No complete period was published before this government took office. | ||
| Public sector net debtONS · £ billion | £167.8bnMarch 1987 | £165.8bnMarch 1992 | ↓ 1.2%−£2bn · 5 periods |
| Public sector net debt as a share of GDPONS · percent | No complete period was published before this government took office. | ||
| Debt interest paidONS · £ million | No complete period was published before this government took office. | ||
Borrowing forecasts, per cent of GDP
Inherited Year ending March 1987: 1.9% per cent of GDP. Latest Year ending March 1992: 3.3%.
Borrowing forecasts, £ billion
Inherited Year ending March 1987: £8.7bn £ billion. Latest Year ending March 1992: £23.8bn.
Debt forecasts, per cent of GDP
No complete period was published before this government took office.
Spending forecasts, £ billion
No complete period was published before this government took office.
Receipts forecasts, £ billion
No complete period was published before this government took office.
GDP growth forecasts
Inherited 1986: 3.1% per cent. Latest 1991: -1.4%.
Inflation forecasts
No complete period was published before this government took office.
Unemployment forecasts
No complete period was published before this government took office.
Employment forecasts
No complete period was published before this government took office.
Earnings growth forecasts
No complete period was published before this government took office.
House price forecasts
No complete period was published before this government took office.
Household income forecasts
No complete period was published before this government took office.
Income tax forecasts
No complete period was published before this government took office.
National Insurance forecasts
No complete period was published before this government took office.
VAT forecasts
No complete period was published before this government took office.
Welfare spending forecasts
No complete period was published before this government took office.
Debt interest forecasts
No complete period was published before this government took office.
Public sector receipts since 1900, per cent of GDP
Inherited Year ending March 1987: 37.3% per cent of GDP. Latest Year ending March 1992: 33.4%.
Public spending since 1900, per cent of GDP
Inherited Year ending March 1987: 39.2% per cent of GDP. Latest Year ending March 1992: 36.7%.
Borrowing since 1900, per cent of GDP
Inherited Year ending March 1987: 1.9% per cent of GDP. Latest Year ending March 1992: 3.3%.
National debt since 1900, per cent of GDP
Inherited Year ending March 1987: 34.8% per cent of GDP. Latest Year ending March 1992: 22.8%.
Public sector net borrowing
No complete period was published before this government took office.
Public sector net debt
Inherited March 1987: £167.8bn £ billion. Latest March 1992: £165.8bn.
Public sector net debt as a share of GDP
No complete period was published before this government took office.
Debt interest paid
No complete period was published before this government took office.