The Caithness Business Index has posted the following article:

Strong Self-assessment Tax Receipts Give Chancellor A Fiscal Tonic Ahead Of The Budget

[IMG][/IMG] Record tax receipts from self-assessment in January and downward revisions to previous months mean that borrowing is around £30 billion lower than the Office for Budget Responsibility's (OBR) forecast last November for the year to date, providing a fresh tonic to the Chancellor as he prepares to deliver his Spring Budget in three weeks’ time, the Resolution Foundation said yesterday (21 February 2023) in response to the ONS public sector finances data. Self-Assessment tax receipts in January were the highest on record (since April 1999) at £21.9 billion, a third higher than last year and £3.6bn higher than OBR forecast. [Read Full Article]