UK public finances notch up first July surplus since 2002

Public sector net borrowing in that month returns to the black for first time in 15 years, bolstered by self-assessed tax receipts

The government ran the first July budget surplus in more than a decade last month, as Britain’s public finances recorded an unexpected leap back into the black with help from an increase in self-assessed tax payments.

Related: UK public finances see first July surplus since 2002 – business live

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