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Rachel Reeves given smaller than expected £15bn tax boost to UK finances

UK News: January surplus is still highest on record but below the £20bn City economists had forecast

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A rise in self-assessment and capital gains tax receipts gave the UK’s public finances a £15.4bn lift in January.

The smaller than expected surplus is still the highest since records began in 1993 and gives Rachel Reeves a shot in the arm after December’s slump, when the public finances recorded a £17.8bn deficit – £10.1bn more than in the same month a year earlier. Continue reading…
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By UK-BLOG-NEWS-SERVICE

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