British Govt gets income tax boost

Public sector finances were given a boost last month as the British government received the highest level of income tax receipts since records began more than 40 years ago, official figures showed today.

The Office for National Statistics said that tax receipts of £60.6bn (€80.1bn) far outstripped Government spending of £43.1bn (€56.9bn) in January, leaving net borrowing in surplus by £14.1bn (€18.6bn).