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Tax revenue from North Sea boosts UK public finances

Robust tax revenues from North Sea oil companies helped push Britain's creaking public finances into surplus in July, but the government still faces a protracted battle to meet its full-year borrowing forecasts, official statistics showed yesterday.

Robust tax revenues from North Sea oil companies helped push Britain's creaking public finances into surplus in July, but the government still faces a protracted battle to meet its full-year borrowing forecasts, official statistics showed yesterday.