Official figures showed today that government borrowing ran its highest surplus for five years in January but the long-term outlook is still gloomy.
The Office for National Statistics said the surplus was £11.4 billion, compared with £6.4bn in 2011.
But it depended on one-offs, such as the transfer of the Royal Mail pension fund to the government.
Taking those into account, the deficit has deepened since this time last year.
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