The budget surplus of the UK exceeded forecasts in July

In July 2018, the budget surplus of the UK increased by £1 billion compared to June last year and reached its maximum of 2 billion pounds, data of the Office for National Statistics showed. Traditionally, the budget deficit is fixed in July, but this year the surplus was noted due to the growth of income from corporate income taxes and income taxes. Analysts had predicted the figure at the level of 1 billion 100 million pounds. Since the beginning of the fiscal year that began April 1, the UK budget deficit has fallen by 8.5 billion pounds in annual terms to 12 billion 800 million pounds, to the lowest level in 16 years.

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