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‘Borrowing yet more money to fund their failed programme of tax cuts’ UK budget surplus misses forecasts
Joe Mellor - 23 August 2019
The UK public purse delivered a smaller-than-expected surplus last month as public spending continued to increase.
The Government posted a £1.3 billion surplus in July, according to the Office for National Statistics (ONS), as it highlighted the budget restraints facing Prime Minister Boris Johnson amid significant Brexit-related spending commitments.
The surplus was £2.2 billion smaller than in July 2018 and fell short of analyst forecasts of a £2.7 billion surplus... See more
