Public sector net borrowing (excluding public sector banks, PSNB ex) is estimated to have been £19.1 billion in February 2021, £17.6 billion more than in February 2020, which is the highest February borrowing since monthly records began in 1993. Central government tax receipts are estimated to have been £46.2 billion in February 2021 (on a national accounts basis), £1.5 billion lower than in February 2020, with notable falls in taxes on production such as Value Added Tax (VAT), Business Rates and Fuel Duty. Self-assessed Income Tax receipts were £4.2 billion in February 2021, £0.9 billion more than in February … (full story)
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