Article 6JS98 Jeremy Hunt handed tax boost as UK posts record monthly budget surplus

Jeremy Hunt handed tax boost as UK posts record monthly budget surplus

by
Larry Elliott
from Economics | The Guardian on (#6JS98)

Analysts say figures give chancellor slightly more leeway for tax cuts before general election

Jeremy Hunt has been provided with a boost after the latest set of figures for government borrowing showed the UK running its largest monthly budget surplus since modern records began more than 30 years ago.

Figures from the Office for National Statistics (ONS) showed that, despite the weakness of an economy stuck in recession, the state's tax receipts in January were 16.7bn higher than spending.

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