UK Public Sector Surplus Rises
Public sector net borrowing, excluding public sector banks, in the UK was in surplus at £15.44 billion in January 2025, up from a surplus of £14.69 billion in the same month last year, but below forecasts of £20 billion.
It marked the highest January surplus since monthly records began in 1993, as total receipts rose by £8.1 billion year-on-year, driven by higher receipts from self-assessed tax. The month saw the highest January ever recorded for combined receipts from self-assessed income tax and capital gains tax.
Source: Trading Economics