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UK runs record January budget surplus but misses forecasts

Summary

Britain's government ran a record budget surplus of 15.4 billion pounds ($19.5 billion) last month, official figures showed on Friday, but in a setback for finance minister Rachel Reeves it was well below economists' and officials' expectations. Britain's public finances typically show a surplus in January when annual income tax bills for the previous financial year fall due for many taxpayers.

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Sky News UK

More pressure to raise taxes or cut spending - despite greatest budget surplus since records began

New figures have given the first snapshot of public finances since the market wobbles over whether Rachel Reeves could meet her self-imposed fiscal rules.

1 day ago·United Kingdom

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BBC News

Government finances in surplus but pressure builds on Reeves

The state collected more in tax than it spent in January but the figures fell short of forecasts.

1 day ago·United Kingdom

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Reuters

+2 Reposted by 2 other sources

UK runs record January budget surplus but misses forecasts

1 day ago·United Kingdom

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Financial Times

UK public finances swung to a surplus in January

Figures still fall short of expectations as chancellor Rachel Reeves struggles to keep her Budget plans on track

1 day ago·London, United Kingdom

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Bloomberg

UK Set to Overshoot Borrowing Forecasts After Poor January

Britain delivered a smaller-than-expected budget surplus in January, leaving Chancellor of the Exchequer Rachel Reeves on track to significantly overshoot official borrowing forecasts.

1 day ago·United States

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business-live.co.uk

UK government borrowing hits fourth highest level on record in blow for Reeves

The government recorded a monthly surplus of £15.4bn in January, according to figures from the Office for National Statistics, but this was £5.1bn short of the £20.5bn surplus anticipated by the Office for Budget Responsibility

1 day ago·London, United Kingdom

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