Chancellor Gordon Brown said he would not seek to raise the £5bn to 10bn that had been widely forecast in the Budget.
And he suggested that Budget surpluses would be used to cushion the shortfall that is believed to be needed to improve the National Health Service and other public services.
Brown said the Budget surplus in 2002 would run to £3bn and forecast surpluses of £7bn, £9bn, £7bn and £9bn in the years 2003 to 2006.
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