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In These Times of Austerity, U.K. Posts Biggest Budget Surplus Since July 2008 on Taxes

February 22, 2011

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.

READ MORE:

http://www.businessweek.com/news/2011-02-22/u-k-posts-biggest-budget-surplus-since-july-2008-on-taxes.html

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