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Analysts say the bumper surplus could give the chancellor extra money for the Spring Statement.
Via Graham Watson
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Rescooped by Bruce Fellowes from Macroeconomics: UK economy, IB Economics |
Scoop.it!
Via Graham Watson
Good news for the public finances - not a phrase I've often used, but in this case, it's true. Government finances were in surplus by nearly £15bn, last month, in large part as a result of the month being the deadline for self-assessment tax returns.
However, given the current uncertainty, it's less clear as to whether this means that the Spring Statement will see him announce increased spending, and whilst government borrowing has fallen to just over £21bn, it still means that the size of the national debt is increasing.