UK Budget Swings to Surprise £1.8 Billion Deficit in July

Contributing sentiments towards policy:

55% : The figures came despite particularly strong tax revenues.
54% : Central government spending on social benefits increased by £2 billion compared with July last year, while expenditure on goods and services, including government staff costs, climbed by £1.2 billion.
54% : Self-assessed income tax receipts reached a record level for July, but the increase was insufficient to offset higher government spending.
51% : Source: sebastiandoe5, CC BY-SA 2.0, via Wikimedia Commons Britain recorded an unexpected £1.8 billion ($2.5 billion) budget deficit in July, as inflation-driven government spending outweighed record self-assessed income tax receipts, highlighting continued pressure on the UK's public finances.

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