Brown said the 2000/01 figure would be followed by surpluses of £16bn, 14bn, £8bn and £8bn in the following years.
And he said they would contribute to a fall in public sector net debt as a share of GDP from 44% in 1997 to 30% and ‘remain there in future years’.
‘Our approach will reverse the vicious cycle of the 80s,’ he told MPs.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy