Brown boosted by public finance figures

Chancellor Gordon Brown has received the welcome news the public finances in January were in the rudest health for three years.

Link: Business leaders warn against tax increases

Figures from the Office of National Statistics showed a surplus of £6.6bn last month, driven by rising income tax and corporation tax revenues. The news is a blow to opposition parties that argued that the chancellor’s spending plans were off target and would break the ‘golden rule’

But shadow chancellor Oliver Letwin argued that a ‘spending spree’ from Brown was buying a short-term effect for the economy, and that voters ‘can expect further tax increases after the election’, according to The Daily Telegraph.

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