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Public finances in the UK have crossed the surplus in January, encouraged by record income and receipts of capital gain tax, offering a rare reinforcement of the cancer Rachel Reeves because it tries to retain its budget plans on the way and start the economy.
The public sector was in excess for £ 15.4 billion in January, 0.8 billion pounds more than last year, and the highest seen in that month since 1993, the National Statistics Office said on Friday. Analysts expected state consumption to exceed the receipts by more than £ 20 billion.
However, the borrowing for the financial year until January was even more than a year earlier, which was £ 118.2 billion in total with pounds-11.8 billion pounds more than in the same point in the financial year 2023-24, the Ons states .
The surplus often occurs at the beginning of the calendar year, because self -indulgent income and the capital gain tax drops in late January.
Ons has announced receipts from these taxes in the amount of £ 36.2 billion in January 2025, £ 3.8 billion more than a year earlier, and the highest for January since it started a month in 1999.
This is a development story
