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Britain is now running a current budget surplus—time to give the NHS some help

Osborne’s target has been reached, albeit two years late. Now is the time to make the case for renewed public spending

By George Magnus  

Chancellor Philip Hammond. Photo: Toby Melville/PA Wire/PA Images

Chancellor Phillip Hammond will have some good news to spill in next week’s Spring Statement. Recent trends in tax receipts and public spending show the budget balance, excluding pubic investment, in surplus. George Osborne’s 2010 strategy has finally come good, albeit later than he predicted. Many took the news as an opportunity to look back and pillory Osborne for the effects of austerity. But it is better to focus on what to do with the windfall improvement now, and on what…

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