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.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login
