Budget in focus as borrowing in year to date is £30bn less than predicted
It has cited the cost of energy bill support for households and businesses on the back of the COVID era aid that saw borrowing hit record levels.
The impact of inflation on the cost of servicing government debt also remained clear to see at £6.7bn in January alone.Army 'urgently needs recapitalisation'Financial experts said that the boost from income tax receipts in January was exacerbated by energy costs coming in lower than predicted. Economist Ruth Gregory at Capital Economics said of the report:"January's public finances figures suggest the chancellor may have scope for some giveaways in his budget on 15th March.
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