Feb 27 2012
The ONS (Office of National Statistics) said the surplus was due to a fall in local government borrowing and a rise in tax receipts. The government is on course to meet or beat its borrowing target. Hopefully, this gives the Chancellor some room for a budget aiming at growth, investment and job creation.
Further good news is that the retail sector had a good start to the year with sales rising 0.9% in January.
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