UK public finances hit record monthly surplus due to strong income tax revenue

LONDON, (Reuters) - Public public finance in Britain demonstrated record increase in the previous month, due to an increase in income tax payments, Final Phil Hammond emphasized a strong step towards financing its final financial statement.

File photo: UK chairman Iftikhar Philip is seen outside London, Britain, February 13, 2019 outside the Donging Street. Reuters / Hannah McCoy
The Office of the National National Statistics (Online) on Friday said the UK had increased the budget of $ 14.895 billion in January, which started in a monthly record in 1993 and compared to the events of all economists in the survey of Reuters. The most started.

The UK's budget deficit now falls on at least 1% of national financial revenues after 2001/02, which has reduced by about 10 percent after the depth of the global banking crisis in 2009-10.

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In January, there is an additional month for UK public guardians, due to the seasonal flow of revenue, and the latest data shows that income and investment acquisition is 14% in tax receipts in the year. Twice their average growth rate.

In the first 10 months of the fiscal year, the loan dropped at $ 21.2 billion, 2017/18, the lowest point was 47% lower than 10 months to January 2001.

For the whole year, the government aims to limit 25.5 billion rupees, the purpose of restricting loans, 39 percent less than 2017/18.

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Honduras will give parliament a half-budget analysis on March 13, two weeks before the UK to leave the UK.

But the government budget predicts that the loan will start in the growing economy during the fiscal year in April and the government faces stress to spend on real conditions like public health.

A disaster-related case will likely be more harmful to the break-up of income tax and increase public spending.

Prime Minister Thomas May failed to win the Parliament's support for the agreement which was linked to Brussels last year. Without the agreement of the contract, British importers and exporters have long been facing the risk of customs delay.

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