Government coffers are looking very healthy after recording a £6.5bn surplus
during July thanks to a massive jump in tax receipts, the
Office of National Statistics has
The news has given a major boost to chancellor
so soon after taking over from Gordon Brown. However experts warned that,
despite the surplus, the government was falling short on its promise to cut back
borrowing and spending.
The running deficit so far this fiscal year is £10bn, against £9.2bn this
time last year.
The ONS figures showed that tax receipts rose 5.7% in the first four months
of the year – lower than the 6.5% predicted by
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
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
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
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