In These Times of Austerity, U.K. Posts Biggest Budget Surplus Since July 2008 on Taxes
Feb. 22 (Bloomberg) — Britain posted the biggest budget surplus since July 2008 as government revenue surged in the biggest tax-collection month of the year.
Revenue exceeded spending by 3.74 billion pounds ($6 billion), compared with a deficit of 1.27 billion pounds a year earlier, the Office for National Statistics said in London today. The median of 13 forecasts in a Bloomberg survey was for a surplus of 100 million pounds. The surplus including government support for banks was 5.25 billion pounds.