The £1.2bn surplus was much lower than the £2.7bn analysts had been expecting.
However, the Office for National Statistics, which published the figures, warned that tax figures can vary depending on when people pay HMRC.The bulk of that increase was booked in June when government borrowing climbed to £7.2bn,It was the highest June borrowing figure since 2015. The government tends to record a surplus in both July and January because taxpayers submit their self-assessment returns in those months.
The prime minister has made billions of pounds of spending commitments in his first few weeks in office and the government is also facing a hefty bill for no-deal preparations.
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