Brexit & EconomyPoliticsChancellor gets pre-Budget boost

Chancellor gets pre-Budget boost

ONS figures show UK public finances are in better than expected health

Gordon Brown has received a boost ahead of his pre-budget report, with signs
that UK public finances are in better than expected health.

In the month of October, the public sector current budget was in surplus by
£4.1bn. At the same time last year, there was a deficit of £0.4bn.

The Office for National Statistics put last month’s improvement down to a
23.4% increase in corporation tax receipts.

Between April and October, the public sector recorded a deficit of £10.8bn,
down on £18.4bn for the corresponding period last year.

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