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NickCJ

This was unexpected. Twitternomics commentators mostly ascribing it to fiscal drag from freezing income tax thresholds.

Gives political room to manoeuvre on matching inflation in public sector wages but OBVIOUSLY they will piss it away on freezing / cutting fuel duty. Or a Stamp Duty holiday (groan).

In figures that surprised economists and the Treasury, the Office for National Statistics said the public sector registered a £5.4bn surplus in January, far better than the £7.8bn deficit expected by economists polled by Reuters.

https://www.ft.com/content/cfe31b5c-a3fb-43b1-8b61-87071855341b

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Hefty in reply to @NickCJ

Or a Stamp Duty holiday

For landlords hopefully. * rings mortgage broker *

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NickCJ in reply to @Hefty

lol. Helping more "hardworking families" to get on the "buy to let ladder" (shit you not, it's a phrase from the Torygraph).

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