Income tax receipts hit £21.9 billion – the highest take on record.
Treasury receives £5.4 billion surplus in January
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Current Affairs
CIOT calls for fairer HMRC repayment interest rates
Late payment penalties are up to 17 times higher than repayment amounts.
Inflation drops slightly to 10.1%
Falling fuel prices and the cost of eating out drove down inflation in January.
UK “narrowly avoids recession”
ONS figures show zero growth in the last quarter of 2022.
Millions face 5% council tax hike
Many local authorities plan to raise council tax by the maximum amount in April.
Company insolvencies surge in 2022
Insolvency figures hit 2,190 – their highest level since 2009.
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