The UK Treasury recorded a budget surplus in January 2006 of £21.1bn, the
biggest surplus since modern records were started in 1984, according to figures
released by the Office of National Statistics.
The results after 10 months of the financial year means the deficit stands at
£29.8bn on track to meet the chancellor’s forecast of £37bn for the full year.
The figures will please chancellor Gordon Brown, who turned 55 yesterday,
ahead of next month’s Budget speech.
The surplus in public finances will help Brown stick with his golden rule of
only borrowing money for investment purposes and should also ensure that taxes
are not raised in his address to parliament on 22 March.
Equally impressive was public sector net borrowing, which showed a record
surplus of £12.6bn in January, up almost £4bn on the same month last year.
"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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