Government records surprise budget surplus in January

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The UK government has announced an unexpected budget surplus of £5.42 billion for January. They said income-tax profits are at an all-time high and the government spent less than it received.

– which paid £400 to households over six months to help cut their bills – cost a further £1.9 billion.

This included £6.7 billion of interest on government debt – the highest January reading since records began. Chancellor Jeremy Hunt said: ‘We are rightly spending billions now to support households and businesses with the impacts of rising prices – but with debt at the highest level since the 1960s, it is vital we stick to our plan to reduce debt over the medium term.

 

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Nice to know the government, utility, oil and gas companies continue to screw the tax and bill payer, and rejoice at the achievement to do so

Now they are thinking about to divide that between share holders of the Tory party while nurses strike

So they put it all in their off shore bank accounts

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