The exchequer returns for May are in. Here‘s a (new?) webpage with all the Exchequer statements for the year. I’ve heard the report described as good news because it means revenues are only 1.2% below target. That said, these revenues are 10.4% down on the same time last year. Also, revenues were only 0.1% below target at the end of April. Let’s hope we don’t have too many more months of this kind of good news.