Lucky Gordon. Our Chancellor's public finances are not totally out of control after all.
Lucky us, too. If we go on paying taxes the way we did last month and Government departments keep up what passes in Whitehall for tightfisted behaviour perhaps we will get away without a round of mega tax increases in next year or the year after.
Those are king-size 'ifs'. On the tax side, the big result last month was corporation tax. Companies paid over £7.28 billion, 21 per cent more than in July last year. That matters because nowadays July is only one of four big months for corporation tax. January produced a 29 per cent increase and although the April haul was less than ten per cent higher, there is October to come and last year that yielded more than July.
As ever with these things there's a catch. This year's corporation tax owes a lot to last year's profits, which were pretty healthy across the board. Next year the pickings will be slimmer from all the companies caught by the end of the consumer and housing booms.
The oil industry should take up the slack - already there is talk of a windfall tax. How much of the slack and for how long is something else.
National Insurance contributions, Mr Brown's favourite impost, are going great guns, too, beating corporation tax, indeed, and 18 per cent ahead in July. This amounts to something close to an to Mr Brown - or his successor - to slap on another penny.
But that is it. Income tax was up by little more than one per cent in July. Why it is lagging so far behind National Insurance is far from clear. As to VAT, it is no more than level-pegging. The supermarkets are mopping up what spare retail spending there is and you don't pay VAT on food.
On the other side of the equation, public spending, the Treasury really is turning down the tap. In cash terms this July's spending was barely higher than last year - a cut of a couple of percentage points after inflation. That cannot go on for long. But it does look as if the public spending bonanza is back under control. When he felt so inclined, Gordon was always tough as well a lucky.