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The Guardian - UK

Business

Larry Elliott

Jeremy Hunt handed tax boost as UK posts record monthly budget surplus

Jeremy Hunt United Kingdom Office for National Statistics Tax Cuts

Jeremy Hunt — Jeremy Hunt will deliver the spring budget on 6 March. Photograph: Reuters

Jeremy Hunt has been provided with a boost after the latest set of figures for government borrowing showed the UK running its largest monthly budget surplus since modern records began more than 30 years ago.

Figures from the Office for National Statistics (ONS) showed that, despite the weakness of an economy stuck in recession, the state’s tax receipts in January were £16.7bn higher than spending.

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