UK RECORDS BIGGEST BUDGET SURPLUS FOR JULY 2018; HIGHEST IN LAST 18 YEARS UK Records its Biggest Budget Surplus of 2.0 Billion GBP in July 2018.
Radhakrishna N S
Britain has recorded its biggest budget surplus of 2.0 billion GBP for the month of July this year. The surplus is highest in the last 18 years, according the official data released on Tuesday (21). The new data release is expected to help the UK finance minister Philip Hammond to prepare his annual budget later this year. The budget surplus of 2.0 billion GBP recorded in July 2018, excluding state-controlled banks, is more than double when compared to the data released during the same period last year. In the first four months of the fiscal year 2018-19, higher seasonal inflow…
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