UK government borrowed less than expected last year

Or, with an election looming within the next couple of years, he may cut taxes, throw a couple of sweeteners to voters – £13bn would pay for a penny or two off the standard rate of income tax, it would stretch to taking more than 1p off the standard rate of VAT, soften the blow of the cost of living crisis. After all, much of this sum came about because more money went to the tax man.