The largest ever gap between tax revenue and spending has raised new fears over the state of government finances.
The public sector net cash requirement was more than £2bn above forecasts at £8.6bn.
Government spending has increased by more than 10% while tax revenues are rising at a rate of just 6%.
Analysts predict that the government is now more likely to raise taxes before the next election.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements