Emergency Budget June 22nd 2010: Deficit and Cuts
How much impact will the emergency budget have on the budget deficit? And what will those mind-boggling billion pound amounts actually mean?
To help you understand and contextualise the budget, we’re going to be ‘live-vizzing’. That is, curating a constantly updated visualisation of the announcements and their impact on the £156 billion deficit. Tune in to see the figures put into visual context. And to see how close we really are to plugging the black hole in the nation’s finances. (Want to use this graphic yourself? Want the source data?).
Embed
Want to use this graphic in your own site or in the news? We’re happy for you to do so as long as long as you explicitly credit us and have a link back to this url. Here’s an html code snippet to do this:
Want a higher-res version, e.g. for print? You can get it here: http://static.wheredoesmymoneygo.org/i/deficit_budget_print.pdf
Credits
A Where Does My Money Go? visualization by David McCandless / InformationIsBeautiful, research by Lisa Evans and Tim Hubbard using on information from the Institute for Fiscal Studies and HM Treasury.
An
June 22nd, 2010 at 1:50 pm
This would be a nice graphic if your ads were not locked onto the screen and covering it. Sloppy work.
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Josh Reply:
June 22nd, 2010 at 1:53 pm
What ads? Run an ad blocker like me, mate.
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Stray Reply:
June 22nd, 2010 at 1:58 pm
No ads at all here.
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June 22nd, 2010 at 1:51 pm
Cool graphic, but it is raise VAT to 20%, not by 20%
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Rufus Pollock Reply:
June 22nd, 2010 at 3:23 pm
Thanks for spotting that and now fixed!
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June 22nd, 2010 at 2:28 pm
32B interest on the deficit sounds wrong. Should that be interest on the debt?
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Rufus Pollock Reply:
June 22nd, 2010 at 3:24 pm
You’re quite correct that’s 32bn a year on interest payments on total accumulated debt.
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June 22nd, 2010 at 2:48 pm
circles are notoriously misleading as graphical devices – you might prep them so that the diameter is proportionate to the measure, whereas people will compare the resulting circles in terms of their area, which is proportional to the square of the diameter…
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Jonathan Reply:
June 22nd, 2010 at 2:53 pm
Which is why these have value proportional to area.
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Jim Reply:
June 22nd, 2010 at 4:52 pm
To avoid confusion, it would be better to use columns to show the year on year decline in the deficit.
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Jonathan Reply:
June 22nd, 2010 at 7:20 pm
That would be different data. And boring.
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June 23rd, 2010 at 12:02 am
I love your work, please keep it up.
The interest on the debt seems to be at a very high APR.
Perhaps we should consolidate all of our loans with Ocean Finance. Or whoever Carol Vorderman is plugging this month.
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June 23rd, 2010 at 8:43 am
I adore your work. It demonstrates how interesting and visually attractive statistic data can be displayed.
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June 24th, 2010 at 11:06 am
How about “How will the budget impact the national debt”?
While there is a deficit surely the national debt continues to increase?
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Rufus Pollock Reply:
June 24th, 2010 at 11:37 am
Peter, you’ve quite rightly identified that the deficit and national debt are different and that any deficit leads to an increase in the national debt. However, if GDP is also rising then even with a deficit the national debt may be falling as percentage of GDP and its the debt’s size as a proportion of GDP that’s really relevant to our ability to maintain it — hence that figure on the RHS of the diagram stating that the deficit should aim to be between 4-6% of GDP (I’d actually say slightly less than that in a perfect world, say 2-5%, but that figure is realistic for us over the next 5-10 years)
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July 16th, 2010 at 10:55 am
proportion of circels is not correct. if you compare e.g. 92 with 156 billion you will get other dimensions.
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