Details from the September 2016 UK public sector finances report 21 October 2016
– Government NCR 22.5bn vs 4.0bn exp. Prior 4.1bn
Another kick in the crotch for the Chancellor ahead of his Autumn statement. Less taxes banked from firms, property transactions and a lower take from VAT left the UK coffers looking dusty compared to last year. Corp taxes fell for the first time since 2009.