Treasury receives £5.4 billion surplus in January
Income tax receipts hit £21.9 billion – the highest take on record.
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.