Britain’s public finances are on a roll but officials don’t expect the good news to last.
The budget deficit last month was 1.8 billion pounds ($2.2 billion), the best performance for any February since 2007, the Office for National Statistics said Tuesday. Revenue surged 7.1 percent from a year earlier and spending rose just 0.5 percent.
It left the deficit in the first 11 months of the fiscal year at 47.8 billion pounds, comfortably on course to achieve the Office for Budget Responsibility’s full-year forecast of 51.7 billion pounds.
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