So the good news is that in April, Government borrowing fell to £6.2 billon, down from £7.3 billion the year before. Okay so as a percentage of UK Government spending who cares about a billion here or there, but as ever these things add up.
The critical piece is for me yet again this will show up the Bank of England forecasting and prediction capabilities. Last month they were quite happy to quote the UK GDP slows to 0.1% growth in Q1 of 2018. On the back of this they held interest rates at near record lows and enabled yet another spasm of Remainer questioning of Brexit.
However, when you see that the ONS also showed Public Sector Net Borrowing was down from £2.1 billion to £1.3 billion in March - also a ten year low, then we might wonder why.
Is Government spending much less? Well that is unlikely as our overall debt to GDP ration is still rising.
What is happening are rising tax receipts, Corporate tax, Inheritance tax and Stamp duty taxes have all shown strong growth over the past year. Rising tax receipts can only realistically happen in a growing economy unless they have been raised or reduced around the Laffer curve.
So for me something is amiss, there is no way the economy is producing a few billions in extra taxes over the first months of the year whilst also posting sclerotic growth - one of these numbers has to give.
My guess will be the first three months of the year will be revised up to around 0.3% GDP growth, not stunning but adequate in the circumstances. The annoying thing is that for the Remainiacs this will not affect their mantra of the economy is crashing due to Brexit when there is simply no evidence of this and to date all the evidence has been the to show that threat of Brexit has either no effect or a slight positive to date.