Britain unexpectedly posted its first budget surplus for any July since 2002, boosted by strong income tax payments, according to official data on Tuesday.The surplus in July stood at 184 million pounds, compared with last year’s 308 million pound deficit, the Office for National Statistics said, citing figures that exclude state-controlled banks.The figures were boosted by a 10.6 percent year-on-year rise in self-assessed income tax receipts in July, a month that often sees a spike in these returns.Historically, July has been a strong month for corporation tax receipts too, although these fell slightly compared with a year ago.
Source: UK public finances show first July surplus since 2002
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