Treasury boost from PAYE

Rising employment helped Pay As You Earn (PAYE) income tax revenues rise to £13.1 billion for January, contributing to Chancellor Philip Hammond’s £10 billion budget surplus.
The surplus, which was also boosted by VAT, fuel, alcohol and tobacco duties, has put the Treasury on course to borrow around £45 billion this financial year, £5 billion less than predicted just three months ago. Continue reading Treasury boost from PAYE