The Institute of Government invited Robert Chote, Chairman, to discuss the OBR, economic policy and the UK outlook with Bronwen Maddox, Director of the Institute for Government.
February 21, 2018
January is the biggest month of the year for tax receipts. Self-assessment income tax receipts fell on a year earlier, but by much less than our November forecast assumed. Uncertainty remains – especially around local authority borrowing – but it is now clear that 2017-18 borrowing will be lower than we forecast in November.