WHITEHALL

Extra tax revenue boosts public finances

The public finances had their biggest surplus in 18 years last month - up by £1bn to £2bn compared to the same time last year - thanks to extra tax revenue.

The public finances had their biggest surplus in 18 years last month - up by £1bn to £2bn compared to the same time last year - thanks to extra tax revenue.

Although July is always a good month for tax income from those who are self-employed, the improved figures give chancellor Philip Hammond more wriggle room as he prepares his Budget.

Michael Burton

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