‘Public borrowing is falling faster than expected and is on track to beat official forecasts for this financial year, official figures for the crucial month of January showed on Tuesday, giving George Osborne a fillip a month before the Budget.
‘Public borrowing is falling faster than expected and is on track to beat official forecasts for this financial year, official figures for the crucial month of January showed on Tuesday, giving George Osborne a fillip a month before the Budget.
‘Strong corporation tax and VAT revenues helped reduce borrowing and income tax revenues held up, despite fears that the 50p rate on incomes over £150,000 would lead to sizeable tax avoidance and falling receipts … In the final two months of the year, the Chancellor can afford to have some significant slippage and still be able to claim borrowing is coming into line with the latest Office for Budget Responsibility forecasts.’
‘Public borrowing is falling faster than expected and is on track to beat official forecasts for this financial year, official figures for the crucial month of January showed on Tuesday, giving George Osborne a fillip a month before the Budget.
‘Public borrowing is falling faster than expected and is on track to beat official forecasts for this financial year, official figures for the crucial month of January showed on Tuesday, giving George Osborne a fillip a month before the Budget.
‘Strong corporation tax and VAT revenues helped reduce borrowing and income tax revenues held up, despite fears that the 50p rate on incomes over £150,000 would lead to sizeable tax avoidance and falling receipts … In the final two months of the year, the Chancellor can afford to have some significant slippage and still be able to claim borrowing is coming into line with the latest Office for Budget Responsibility forecasts.’
