UK government finances better than expected in January

UK government finances better than expected in January

The government took in more from tax receipts than expected, official data suggests.

Boost for Chancellor as UK finances improve with record result

Tax receipts were billions greater than borrowing in January

UK economy records biggest ever budget surplus after Rachel Reeves rakes in billions more than expected on capital gains tax

The UK Government recorded an unprecedented £30.4billion surplus in January, marking the strongest monthly performance since official records commenced in 1993.The figure exceeded forecasts from the Office for Budget Responsibility (OBR) by £6.3billion.The January surplus, where the Government takes in more money in taxes than it spends over a given period, represented a dramatic improvement on the previous year, coming in £15.9billion higher th…

Double boost for Reeves with retail sales jump and surprise public finances record

Shoppers returned to spending in the New Year and the Treasury raked in billions more than expected in tax

Record-breaking budget surplus as government's tax income rises

More money than ever has been left over in the public finances due to more tax being paid, official figures show.