Data from the Office for National Statistics shows a surplus on the public sector net cash requirement of £6.4bn in July, a huge swing from Junes shortfall of £10.1bn.
The accruals-based measurement of public sector net borrowing also showed an underlying surplus of £1.5bn. Both figures were much better than city analysts had predicted.
The surplus however is not expected to help chancellor Gordon Brown remain below his projected deficit of £27bn for this year. Indeed figures show that the deficit for the first four months of the year is already £12.6bn, nearly half the forecasted figure.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars