ONS REGIONAL
REVENUE & EXPENDITURE SUMMARY 2024-25
| Region | Income (£m) | Spend (£m) | Balance (£m) | Revenue as a % of spend |
|---|---|---|---|---|
| United Kingdom | 1,138,796 | 1,290,561 | -151,765 | 88.2% |
| North East | 33,145 | 52,648 | -19,503 | 63.0% |
| North West | 105,750 | 145,689 | -39,939 | 72.6% |
| Yorkshire and the Humber | 76,462 | 100,441 | -23,979 | 76.1% |
| East Midlands | 67,014 | 85,100 | -18,086 | 78.7% |
| West Midlands | 81,507 | 112,763 | -31,256 | 72.3% |
| East of England | 107,156 | 111,606 | -4,450 | 96.0% |
| London | 239,883 | 191,037 | 48,846 | 125.6% |
| South East | 181,231 | 165,496 | 15,735 | 109.5% |
| South West | 89,495 | 104,153 | -14,658 | 85.9% |
| England | 981,643 | 1,068,931 | -87,288 | 91.8% |
| Wales | 41,487 | 64,268 | -22,781 | 64.6% |
| Scotland | 91,278 | 117,135 | -25,857 | 77.9% |
| Northern Ireland | 24,388 | 40,227 | -15,839 | 60.6% |
Source: ONS Country and regional public sector finances, UK: financial year ending 2025 (released 26 May 2026). North Sea oil and gas revenue is allocated on a geographic basis.
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REFERENCES & FOOTNOTES
REAL TERMS CALCULATIONS
The Real Terms calculations above are carried out using the HMT's deflator tables. There are a number of methods for measuring inflation, however when discussing public revenue and expenditure, typically the HMT's GDP deflator is used to calculate the real terms equivalent. We have provided an easy to use Calculator for your convenience here.